Joint projects may help dramatically increase Belarus-China trade
19 January 2009
The Chinese government attaches a paramount importance to the
strengthening of friendly ties with the Republic of Belarus, said
Ambassador Extraordinary and Plenipotentiary of China to Belarus Lu
Guicheng, following the ceremony of handing over credentials to the
Belarusian Head of State on January 19, BelTA has learnt.
Lu Guicheng underlined that the cooperation between the two
countries has been gaining momentum in the recent years. The
Ambassador expressed his confidence that in 2009 the
Belarusian-Chinese trade will be significantly increased. The
implementation of major joint projects will help considerably
enhance trade and economic contacts.
The People’s Republic of China is a major foreign trade
partner of Belarus. In 2007 China ranked 5th in Belarus’ trade
volume, 7th in export and 3rd in import among non-CIS states. In
2007 Belarus-China trade totalled $1.3 billion, 36.6% up on 2006.
The export went up 21.6% to $484.65 million, the import — 47.4% up
to $815.82 million.
Belarus’ major exports to China are potash fertilisers,
caprolactam, rock haulers and spare parts, microchips and chip
assemblies, metal products, chemical products, machine tools and
instruments. Belarusian Potash Company, Belneftekhim Shanghai
Trading, Minsk Tractor Works, Minsk Wheel-Tractor Plant, BelAZ,
Integral, Belarusian Steel Works, Gomselmash, Transaviaexport
Airlines, Belarusbank, Belarusian Chamber of Commerce and Industry
have their offices in China. From China Belarus mainly imports
equipment, components and materials for export-oriented
enterprises, consumer goods.
Sessions of the Belarusian-Chinese Intergovernmental
Commission for Trade and Economic Cooperation are held regularly.
Ten sessions have already been held.
40 out of more than 200 high-tech Belarus-China joint
projects were implemented in 2008.
2007-2008 saw an increase in Chinese investments in Belarus.
In particular, Chinese capital was used to refit Minsk cogeneration
plants 2 and 5. The accomplished project BeST was praised.
According to Sergei Sidorsky, the finished project of TV maker
Horizont can evolve into a larger-scale project in the future. Now
Belarus cooperates with Chinese corporation CITIC for the sake of
modernising cement mills.