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Alesya Abramenko: trade between Belarus and China grows at a record pace

31/08

 On, August 30, 2022, the second meeting of the Working Group on Trade Facilitation of the Commission on Trade and Economic Cooperation of the Belarusian-Chinese Intergovernmental Committee on Cooperation was held. It was chaired by the Deputy Minister of Economy of the Republic of Belarus Alesya Abramenko and the Deputy Director of the Eurasia Department of the Ministry of Commerce of China Liu Jun.

Representatives of departments, embassies, chambers of commerce, business circles of Belarus and China have also taken part in the event. The participants of the Working Group considered issues of expanding of mutual trade, strengthening cooperation between industry associations, interaction in the field of e-commerce, transport and logistics.

According to Alesya Abramenko, the main result of the work since the previous meeting is a significant increase in the volume of mutual trade.

“Foreign trade turnover in 2021 reached a record high of almost $6 billion. China retains its position as the second trading partner of Belarus. Despite quarantine restrictions and external economic challenges, in the first half of the year, trade with China achieved $2.6 billion.

In January-June 2022, the volume of exports of goods increased by 1.8 times compared to the same period of the last year, and the supply of agricultural products - by 1.6 times,” said the Deputy Head of the Ministry.

The parties outlined a number of areas for further deepening trade cooperation. Among them:

building up mutual trade, implementation of export requests, import requests, promotion of accreditation of Belarusian producers of meat, rapeseed oil, and other products;

ensuring unhindered logistics, implementing a number of mutually beneficial initiatives to structure and accelerate commodity flows;

signing of the Agreement on trade in services and investment between Belarus and China in 2023;

promoting e-commerce as a modern trend, popularizing the Belarusian pavilion on China's electronic platforms, working out the signing of a bilateral document in the field of e-commerce between Belarus and China;

holding events to promote trade and investment, actively preparing for the China International Import Exhibition (Shanghai, November 5-10, 2022).

"The issues of today's meeting are fully consistent with global trends, their solution would allow us not only to stay afloat in international competition, but, above all, to achieve the goals of the socio-economic development of our countries," concluded the Deputy Minister of Economy.

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