Belarus suggests setting up joint ventures with Mongolia

MINSK, 11 April (BelTA) – Belarus would like to bolster mutually beneficial all-round cooperation with Mongolia, Deputy Premier of Belarus Mikhail Rusy said as he met with Minister for Industry and Agriculture of Mongolia Khaltmaa Battulga on 11 April, BelTA has learnt.

Last year the trade between Belarus and Mongolia was estimated at $112 million. According to Mikhail Rusy, the two countries are well-positioned to expand the bilateral ties. “Our countries have capacities to boost the all-round cooperation, including in industry and agriculture,” he said. In particular, Belarus is ready to increase exports to Mongolia, including supplies of dump trucks and farm machines. “We are ready to consider suggestions on the import of Mongolia products that can be in great demand in Belarus,” the Vice Premier said.

Another promising cooperation avenue is personnel training. Belarusian universities and vocational training facilities can offer majors in land reclamation, land management, veterinary science and other fields.

Mikhail Rusy suggested considering advancement to a higher cooperation level, from mere trade to establishment of joint ventures. “We believe that we should advance from mere trade to closer cooperation, establishment of joint ventures. The government of Belarus will uphold any initiatives related to implementation of mutually beneficial joint projects,” he said.

The Vice Premier reminded of the planned visit of Prime Minister of Belarus Mikhail Myasnikovich to Mongolia this year. The visit is expected to give a new impetus to the bilateral cooperation.

Khaltmaa Battulga expressed hope that the bilateral cooperation will gain momentum. Mongolia is particularly interested in Belarusian agricultural machines. Agriculture makes a great contribution to economic development of Mongolia. “We need to improve physical infrastructure and we are able now to collaborate in this field. Belarus can offer what we need,” he said.

In January-February 2013 Belarus’ export to Mongolia made up $36.95 million vs. $12.6 million in 2012, up almost three times. Belarus does not import anything from Mongolia. Belarus’ major exports include oil products and mine trucks.

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