Meeting of Belarusian-Chinese Committee on Trade and Economic Cooperation Is Held in Beijing

The 10th meeting of Belarusian-Chinese committee on trade and economic cooperation is being held in Beijing from 1st to 5th December. Belarusian delegation is headed by Zenon Lomat, Chairman of Belarusian part of the committee and Chairman of State Control Committee of the Republic of Belarus, as well as by Vladimir Semashko, Deputy Chairman of Belarusian part of the committee and First Deputy Prime-Minister of Belarus. The delegation also includes the representatives of Belarusian business community.

The 10^th meeting of Belarusian-Chinese committee on trade and economic cooperation is being held in Beijing from 1^st to 5^th December. Belarusian delegation is headed by Zenon Lomat, Chairman of Belarusian part of the committee and Chairman of State Control Committee of the Republic of Belarus, as well as by Vladimir Semashko, Deputy Chairman of Belarusian part of the committee and First Deputy Prime-Minister of Belarus. The delegation also includes the representatives of Belarusian business community.

During the committee’s meeting it is planned to consider the issues concerning the development of bilateral trade and economic as well as investment cooperation, including the progress of implementation of large-scale joint investment projects, establishment of joint ventures and interbank cooperation.

We would remind you that China is one of the key foreign-trade partners of Belarus. For instance, in terms of turnover volume China ranks 8^th among foreign-trade partners of Belarus judging by the previous 9 months’ results. The main line of Belarusian export to Chine is chemical production, potash fertilizers, trucks, spare parts and equipment for cars and tractors, electronic integrated chips and microassemblies. At present a number of Belarusian industrial enterprises have their own representatives and dealers in People's Republic China (“Belarusian Potassium Company”, “Minsk Tractor Plant”, “Minsk Automobile Plant” and others).

From China Belarus imports equipment, components and materials for industrial enterprises, telecommunication agencies, woodworking enterprises, light and medical industries as well as consumer products. Besides that, over the last five years People's Republic China has invested about $208 million in Belarusian economy.

During the visit Zenon Lomat is to meet the representatives of PRC Council of State, PRC Ministry of Control and the biggest Chinese corporations.