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The State Customs Committee (SCC) of the Republic of Belarus and the Chief Customs Authority of the People’s Republic of China signed memorandum of understanding for cooperation while sharing bilateral trade statistics data. According to the SCC’s press service, the document was signed in Beijing by Leonid Dosov, the Deputy Head of the State Customs Committee and Gong Zhen, the Deputy Head of the Chinese Chief Customs Authority.

The Ministry of Architecture is to sign supplements to the contract with the Chinese company “CITIC”, as Vladimir Semashko, the first vice prime Minister announced at the meeting of the Belarusian Cabinet Council on 22nd of April. 

He said participation of this very company in Belarus would increase cement production capacities by 5.4 million tons per annum. This would be ensured by means of construction the 5 thousand tons of clinker per day processing lines at each of the three cement plant of the Republic.

ZAO Belarusian Potash Company (BPC) raises potash fertilizer fees for China’s Sinochem and CNAMPGC by U.S. $400 per tonne, OAO Uralkaly, which holds 50% in BPC, said in a statement.

New process will be effective starting June or July.

BPC, headquartered in Minsk, is the exclusive exporter of potash fertilizers produced by Belarus’ Belaruskaly, based in Soligorsk, and Russia’s OAO Uralkaly, based in Berezniki.

Belarusbank will hold a presentation for Chinese business and financial agencies in Beijing on Friday, spokesman for the bank Sergei Vereschak told Prime-Tass.

The list of invitees includes representatives of the Chinese administration, including the Finance Ministry, People’s Bank of China, Chinese bank supervision commission, SINOSURE export insurance company and the largest credit and finance institutions of China: Bank of China, the Export-Import Bank of China, China Construction Bank, and China Development Bank.

Belarusbank started quoting and trading the Chinese yuan, spokesman for the bank Sergei Vereschak told Prime-Tass.

“The move will expand the range of exchange operations provided to individual clients of the bank. Exchange services will be available in all region centers and Minsk branches soon,” Vereschak said.

The National Bank of Belarus (NBB) last year included the Chinese yuan in the list of reserve currencies.

Chinese Automotive Industry is interested in creation light vehicles assembly in Belarus. This was announced at the meeting of members of the Belarusian Confederation of Industrialists and Entrepreneurs (BCIE) with members of the delegation of Chinese automobile companies headed by Chen Jianguo, the deputy inspector of the State Committee on Development and Reform industry department on the 3rd of April in Minsk.

The Head of Chinese delegation admitted, - “We are ready to consider all the propositions of Belarusian party concerning trade and investment cooperation”. Chinese manufacturers are seeking for partners to organize light vehicles assembling on the territory of the country.

Belarusian and Chinese car makers discussed the possible ways of bilateral cooperation, the issues of interaction in the field of automotive industry, investment policy of the two countries, and conditions of organization and operation of the branch. These were the basic themes having been discussed at the meeting held at the Belarusian Ministry of Industry.  The meeting took place in the course of the visit of the Chinese automotive industry delegation in Minsk for the period of 29 March – 4 April, as BelTA reporter was informed at the Ministry of Industry.

Belarus is to start new round of talks on conclusion of the contract to deliver fertilizers to China in April, told Oleg Petrov, the 1st deputy of general director of Belarusian Potash Company (BPC) at the press-conference on the 1st of April in Minsk.

He admitted that the volume and the price of delivery would be determined in the course of negotiations, however, the price for Chinese market was not supposed to be lower than the export price of fertilizers established for India, which would amount to $625 per ton since May. “The price for Indian market will be considered as the basic one in the course of negotiations with China”, - Oleg Petrov said.