Republic

Belarus invites China to implement multilateral projects

MINSK, 7 July (BelTA) – Belarus invites China to consider multilateral cooperation across a number of projects, including projects in transportation, trade and logistics. The proposal was put forward by Belarusian Prime Minister Mikhail Myasnikovich in Minsk on 7 July during his meeting with Vice Minister of Commerce of the People's Republic of China, co-chair of the Belarus-China commission for trade and economic cooperation Zhong Shan, BelTA has learnt.

“Our government and partners from Kazakhstan, Turkmenistan and Mongolia have already discussed possible logistics schemes that could facilitate China’s cooperation with European countries, including Western Europe,” the Belarusian head of government said. He deems it necessary to discuss the implementation of Chinese-Belarusian-Russian joint projects. “We maintain close ties with the Russian Federation. Industry dominates our bilateral cooperation. Therefore, we could consider Belarus’ participation in Chinese-Russian projects,” Mikhail Myasnikovich said.

The Premier noted that Belarus sets store by the Chinese-Belarusian cooperation and views it as successful and dynamic. The partners have already started implementing the agreements reached on the high and highest levels. However, the countries could achieve even more if economic operators, companies and banks of Belarus and China established closer ties, Mikhail Myasnikovich believes.

In his words, partners implement about 20 projects with the total cost of approximately $5.5 billion. The Belarusian side raised the topic of opening a new credit line. “We have virtually started materializing major systemic projects. They are, first of all, the Chinese-Belarusian Industrial Park, and the construction of the factory to produce BelGee cars,” the Belarusian head of government said. In this connection, Mikhail Myasnikovich believes that the partners need to harmonize new approaches to cooperation. In fact, Belarus has already considered the operation of Chinese banks in Belarus. Projects in trade, transportation and logistics are also on the agenda, the Premier noted.