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News

Belarus, Ukraine plan to reach $10bn in trade

MINSK (BelTA) – In the next three to four years Belarus and Ukraine plan to make $10 billion in trade, First Vice Premier Vladimir Semashko said at a meeting of the Belarusian-Ukrainian intergovernmental commission for trade and economic cooperation in Minsk on 25 May.

“Goods between Belarus and Ukraine move freely today. I am convinced that $6.2 billion (Belarus-Ukraine trade in 2011 – BelTA’s note) is an absolutely intermediate figure. We should make it $10 billion in the next three to four years,” Vladimir Semashko said.

Six months have passed since the last meeting of the commission in Kyiv. “Everything we outlined then have been implemented: record high $6.2 billion in trade. The Q1 figures also show great dynamics, up 24.3% in trade over the same months last year,” the official stressed. Ukraine is among Belarus’ strategic partners behind Russia and China. Belarus for Ukraine is also an important strategic partner which ranks fourth after Russia, Germany, and China. In his words, the intergovernmental commission has made a considerable contribution to it. “But we can do even better if we see the potential,” he said. One of the new areas of cooperation is development of joint companies in production, strengthening of cooperation ties. “We are ready to help,” said the First Deputy Premier. Leasing may be one of the ways to deliver. National Leasing Company of Belarus Promagroleasing works in Ukraine. “We are completing the preparations. Today we are set to initial the draft agreement on leasing activities of Ukraine and Belarus,” he said. It is going to be signed during the official visit of Prime Minister of Ukraine Nikolai Azarov to Belarus.

Vladimir Semashko named other areas of cooperation, in particular the pharmaceutical industry. There is also a need to make full use of the possibilities of cross-border cooperation, including trade.

Vladimir Semashko noted with satisfaction that the two parties solved the issues regarding the import of Ukrainian beer to Belarus. This issue was resolved in the short period of time, and today there are no barriers on the way of products.