Belarus ready for all-round cooperation with China's Xinjiang, Ningxia

Wednesday, 18 November 2015 16:00  |  Written by  BelTA

Belarus is ready to develop cooperation with China's Xinjiang Uygur Autonomous Region and Ningxia Hui Autonomous Region in all fields, including trade, economy, culture, education, logistics, agriculture, and in the implementation of the One Belt, One Road initiative, Belarus' Economy Minister Vladimir Zinovsky said as he attended the Chinese-Belarusian forum on trade and economic cooperation on 18 November, BelTA has learned.

The forum brought together more than 250 businessmen from Belarus and China's Xinjiang and Ningxia.

Vladimir Zinovsky noted that the Chinese-Belarusian forum is another step towards the implementation of the agreements signed during the visit of the President of the People's Republic of China to Belarus in May 2015. The Minister pointed out that the strategic partnership between the two countries is mutually beneficial. “The Republic of Belarus was one of the first to show interest in joint promotion of China President's initiative to revive the ancient Silk Road and carry out the One Belt, One Road project, including to create the Silk Road Economic Belt and the 21st Century Maritime Silk Road,” Vladimir Zinovsky added.

In recent years, China has been one of Belarus' major trading partners. According to the results of 2014, it ranks fifth in terms of the volume of trade and seventh in terms of investment. Several dozens of large-scale projects related to the modernization of the Belarusian economy in such sectors as power engineering, transport, aerospace, and construction are being conducted in Belarus with the help of Chinese investment. “The China-Belarus Industrial Park is under construction in Belarus. The project has entered its active phase,” the Belarusian Minister said.

Besides, the Belarusian and Chinese Economy Ministries have a number of agreements aimed at promoting the One Belt, One Road initiative. At present, they are working on the implementation of these arrangements.

Vladimir Zinovsky emphasized that the development of the transport, logistics, production, information, and communication components of the Silk Road on the territory of Belarus is one of the main tasks for the country today. “China's overland Silk Road crosses the territory of Belarus and Xinjiang Uygur Autonomous Region. It is very important for us to step up cooperation with this region,” the Belarusian Minister said. He stressed that Belarus will make its best to maintain the strong strategic partnership ties with China.

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