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Australian business ready to invest in Belarusian dairy industry

MINSK, 27 September (BelTA) - Australian business is ready to invest in the Belarusian dairy industry, Warren Reynolds, Executive Chairman of the Board of Directors and the largest shareholder of the Austrian company Muzz Buzz Franchising Ltd, a public representative of the Belarusian Chamber of Commerce and Industry in Australia, told media on 27 September.

Warren Reynolds believes that the Belarusian dairy industry has a huge potential for growth. However, at present the potential is not fully used. The product lineup could be expanded among other things. Australian investments could help launch new products and export them.

Australian investors also show an interest in Belarusian poultry factories. “You have good poultry factories but their potential is not fully used,” said Warren Reynolds. “We could prepare them branding-wise and could help establish contacts with such enterprises and fast-food establishments of Australia”.

Warren Reynolds said that Belarus and Australia could promote cooperation in many areas. It is important for the sides to show an initiative, a desire and will to build up partnership. “You have cutting-edge enterprises, hardworking and smart people. Those are some of your key advantages,” stressed Warren Reynolds.

In turn, President of the Belarusian Chamber of Commerce and Industry Mikhail Myatlikov added that the Australian side was ready to help Belarus organize training programs for top businessmen, heads of Belarusian enterprises. Import substitution will be prioritized at these events. According to Mikhail Myatlikov, import substitution should not be total lest products will not be competitive. All these matters need a balanced solution. Australian experts are ready to share their best practices with Belarusian colleagues in this field.