Second session of Belarus-China trade, economic cooperation commission in Minsk in 2016

21 August 2015

MINSK (BelTA) – The second session of the trade and economic cooperation commission, which is part of the Belarusian-Chinese intergovernmental cooperation committee, will take place in Minsk in 2016. The relevant agreement was reached as a result of the first new-format session of the commission in Beijing on 20 August, the press service of the Belarusian Economy Ministry told BelTA.

The session gathered about 50 people, including representatives of ministries and government agencies, municipal administration bodies, financial organizations, and business circles of Belarus and China. The session was chaired by Belarusian Economy Minister Vladimir Zinovsky and Chinese Deputy Commerce Minister Zhong Shan. The sides discussed bilateral trade and economic cooperation, the joint work on the Silk Road Economic Belt, the expansion of bilateral trade, cooperation in credit and investment affairs, technical and economic aid from China to Belarus, the stimulation of the implementation of key investment projects and technical and economic cooperation projects.

As part of the commission's work the first session of the working group on interregional trade and economic cooperation and the first session of the working group on matters concerning the China-Belarus Industrial Park took place. It was noted that the project to set up the China-Belarus Industrial Park had successfully gone from preparations to construction and development. Belarus and China view the park as a promising and strategic project, as a nodal platform for implementing the initiative One Belt, One Road not only on the regional scale but also the continental scale that goes beyond Belarusian borders.

Apart from that, the commission adopted a roadmap designed to enhance mutual trade and economic cooperation that had been submitted by the working group on interregional cooperation the day before.

In the end the sides agreed to maintain tight cooperation and put efforts into getting all the commission's decisions fulfilled in accordance with the arrangements and timelines agreed upon during the session.

Ministry of Foreign Affairs of the Republic of Belarus