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Alexander Chervyakov: Belarus ready for economic and investment cooperation

This opinion was stated by the Minister of Economy Alexander Chervyakov on June 16, 2021 during the meeting with the Ambassador of Turkey in Belarus Mustafa Ozcan and representatives of the Turkish-Belarusian Business Cooperation Council under the Council for Foreign Economic Relations of Turkey (DEIK).

According to the Minister of Economy, Belarus attaches great importance to the development of international cooperation in various fields and stands for a permanent dialogue with all countries of the world on a wide range of issues.

“Our regular contacts demonstrate the desire to improve the efficiency of trade and economic cooperation with Turkey, create the necessary conditions for its activation, and allow us to respond to changes of market conditions and find the new forms of work,” said Alexander Chervyakov.

During the meeting, the representatives of Turkish business community have got interested in definite investment projects in the Republic of Belarus. Director of the National Agency for Investment and Privatization Dmitry Krasovsky expressed his readiness to present examples of such projects at a separate meeting.

Alexander Chervyakov has assured that “the Ministry of Economy is making every effort to make the conditions for doing business in Belarus as comfortable as possible. Despite the fact the investment climate has been improved over the past 10 years, there is still a lot to be done.

Currently, work is underway to amend the Law "On Investments". The comprehensive adjustment is turned to enhance the protection of the investor's property rights, including the introduction of a “stabilization clause”. It guarantees the investor who has concluded the investment agreement with the Republic of Belarus, the stability of taxation conditions."

The Minister of Economy spoke in detail with each businessman on the prospects for cooperation and establishing contacts for each project, in mechanical engineering, infrastructure construction, logistics, chemical production, etc.

The meeting took place in a frank and cordial atmosphere and with the prospect of further mutually beneficial cooperation.