Business news

4 Mar 2020

UK shows interest in cooperation with Belarus’ business community

An archive photo

MINSK, 4 March (BelTA) – The UK is showing interest in cooperation with the business community of Belarus, Deputy Head of the UK Mission to Belarus Lisa Thumwood told the media ahead of the Belarus-UK Season 2020 business event on 4 March, BelTA has learned.

“One of the reasons we are hosting this event is that we would like to encourage Belarusian enterprises to cooperate more actively with British ones,” said the diplomat.

The deputy head of the diplomatic mission believes that the Belarus-UK Season 2020 will help British companies to learn more about the capabilities of the Belarusian partners. “We are particularly interested in the growing IT-sector of Belarus. Another area of interest for us is cooperation on the supply of electric buses. We do not expect the signing of contracts between the participants of the event today. Twelve companies will participate in the negotiations on our side,” said Lisa Thumwood.

According to Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich, the UK’s withdrawal from the European Union opens new opportunities for Belarus to develop cooperation with the country. “It is well known that Britain is our largest trade and economic partner. Last year our trade amounted to almost $2.5 billion, with the Belarusian exports making $1.5 billion. Among our traditional commodity items are products of petrochemistry, metallurgy, fertilizers. There are also new niches that we will be opening, including today, together with British partners,” said the head of the Belarusian Chamber of Commerce and Industry.

Speaking about new areas of cooperation, Vladimir Ulakhovich mentioned the IT sector, woodworking and some others. “Our Belkommunmash has an interesting deal with the UK regarding electric buses. It is a long-term project, as it envisages that the British partners will open a center to develop electrical technology in the Great Stone Industrial Park. In October, our companies will participate in a major woodworking and furniture industry exhibition in Birmingham as a guest of honor. These steps will help us increase our trade,” said Vladimir Ulakhovich.



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