Major Kazakh companies invited to invest in Belarus

Belarus is interested in the presence of major Kazakh companies.

Alexander Lukashenka made the relevant statement at negotiations with Kazakhstan President Nursultan Nazarbayev on 4 October.

According to Alexander Lukashenka, investment cooperation is a vital branch of the bilateral cooperation. “We are interested in the presence of major Kazakh capital in Belarus. We are ready to back proposals on cooperation in various areas at the state level,” noted the Belarusian leader.

The Belarus President believes it is necessary to constantly seek new forms and avenues for partnership in most versatile fields. “Today it is a priority task for our governments,” he said.

Alexander Lukashenka stated that in the last few years the sides have managed to secure rather good results in manufacturing cooperation and research and technology cooperation. “It is the mutually beneficial cooperation that allows us to replenish the domestic market of the Customs Union and the Single Economic Space with our own products, raise the competitive ability of the economies, and create jobs,” believes the Belarusian leader. “At the same time ways to improve the effectiveness of newly established enterprises are pushed to the forefront. It is advisable to step up localization and expand the product choice in addition to starting the manufacturing of Belarusian-Kazakh products”.

According to the President, the establishment of a Kazakh-Belarusian center for training and retraining engineers at premises of the S.Seifullin Kazakh Agro Technical University is an important step. Apart from that, efforts are being put into the establishment of a Belarusian-Kazakh research to practice center for surgery and transplantology. “One can say the project is an example to follow and we should step up efforts to accomplish it,” noted Alexander Lukashenko.

According to the Belarusian head of state, tight cooperation between research and education institutions in the development of joint innovative products becomes particularly important.

Cooperation in agribusiness seems promising, too. “Belarus has certain experience of setting up agro-towns in addition to achievements in the area of crop production and animal husbandry,” remarked Alexander Lukashenka.

The Belarusian side believes that cooperation in transportation is important. “For the sake of enabling equal conditions to develop a competitive market of automobile transportation services we should tear down the existing barriers and restrictions,” stated Alexander Lukashenka.

Alexander Lukashenka also sees a serious potential for an increase in mutual trade and investments via the development of interregional ties.