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News

Semashko encourages more Chinese investments in Belarus

Chinese businesses should more actively invest in the Belarusian economy, said First Vice Premier of Belarus Vladimir Semashko as he met with Jiang Gowen, Deputy Secretary of the Harbin City Committee of the Communist Party of China, on 5 July.

Vladimir Semashko pointed out positive changes in the development of Belarus-China relations. As an example of a successful joint project he mentioned the establishment of two joint ventures in China to make Belarusian tractors and forage harvesters. The two countries are interested in stepping up these operations and in bringing about new joint projects. In particular, the possibility of manufacturing Belarusian grain harvesters and other machines in China is under consideration. “We have come up with new cooperation avenues – production sector, technology, science – and are interested in advancing partnership with Harbin and using it to enter other markets of the region,” said Vladimir Semashko.

The Belarusian government is ready to create the most favorable conditions for the Chinese business. Its arrival in Belarus is undoubtedly profitable not only for Belarus but also for Chinese companies themselves. The large Chinese corporation Midea that has teamed up with Belarusian Horizont to essentially build a new enterprise to make microwave ovens has found confirmation of it. These products now sell well on the home market and abroad.

Vladimir Semashko invited Chinese businessmen to step up their presence on the Belarusian market. “Today one should more actively enter Belarus, invest here because it is profitable for Chinese companies taking into account advantages of the Customs Union and the Single Economic Space,” he stressed.

In turn, Jiang Gowen singled out the project to create a Belarusian-Chinese industrial park as a priority. He remarked R&D is well-developed in Harbin. There are many powerful R&D institutions and manufacturing enterprises and “we will encourage the best of these corporations to work in the park”.

Source: BelTA