ONLINE MEETING OF THE BELARUS-KAZAKHSTAN BUSINESS COUNCIL

24 november 2020

The Belarusian Chamber of Commerce and Industry together with the Foreign Trade Chamber of Kazakhstan organized an online meeting of the Belarus-Kazakhstan Business Council.

Participating in the meeting were the BelCCI Chairman Vladimir Ulakhovich, the Chairman of the Board of the Foreign Trade Chamber of Kazakhstan Ayan Yerenov, the Ambassador Extraordinary and Plenipotentiary of the Republic of Belarus to the Republic of Kazakhstan Pavel Utyupin, the Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Belarus Askar Beisenbayev, representatives of the Ministries of Agriculture of both countries, the Belarusian Universal Commodity Exchange. More than 120 representatives of the companies from Belarus and Kazakhstan joined the broadcast on Zoom and YouTube.

The Business Council meeting participants discussed the current state and prospects for the development of trade and economic cooperation between the two countries, the restrictions that have arisen and the measures that are taken to support enterprises and facilitate bilateral business contacts.

Vladimir Ulakhovich stressed that the economies of the two countries complement each other. “Our complementarity also is reflected in the trade commodity range. Products of Belarusian engineering have been in steady demand in the Kazakhstan market for many years, and the seven assembly plants that operate there are the infrastructure that will help us to develop our industrial cooperation further. Belarusian products enjoy good demand,” he said. According to the BelCCI Chairman, the Business Council is a special form of interaction where enterprises work directly with the support of chambers, diplomatic missions, and ministries not only to confirm intentions but to turn them into new business and commercial projects.

Ambassador Extraordinary and Plenipotentiary of Belarus to Kazakhstan Pavel Utyupin noted that despite the decrease in exports to Kazakhstan this year, bilateral trade and economic relations have the basis and potential for revival. “We were happy to notice a growth in shipments of chilled beef, sugar, special-purpose vehicles, medicines, cheese, and quark. Export of products of the mechanical engineering industry slightly shrank,” the Ambassador said. To invigorate trade, according to him, Belarus and Kazakhstan should intensify industrial cooperation, establish more joint ventures, and strengthen cooperation in agriculture, construction, and transport.

For his part, Ambassador Extraordinary and Plenipotentiary of Kazakhstan to Belarus Askar Beisenbayev noted that this year international trade has declined due to the global economic crisis and the pandemic. “These factors have also affected the trade between our countries, but I hope that this is temporary. Last year, the trade stood at $1 billion, and this is not the limit. This figure should be much bigger – there is room for improvement. It is important to develop cooperation, hold meetings and forums of regions of Belarus and Kazakhstan because this area holds great potential,” Askar Beisenbayev said.

He expressed hope that this session of the Business Council will help establish ties between businesses of the two countries, boost mutual trade, and reduce the gap in the trade balance.

Based on BelTA