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Belarus’ trade surplus with Moldova doubles in 2011

CHISINAU, 12 January (BelTA) – Belarus’ surplus in trade with Moldova in January-November 2011 totaled $151.4 million, increasing almost two times in comparison with the same months in 2010 ($78.5 million), BelTA learnt from the Embassy of Belarus in Moldova.

Over the eleven months of 2011 Belarus-Moldova trade rose 28.2% on the same period a year ago to $285.8 million. In particular, the Belarusian exports to Moldova grew 45% to $218.6 million, the imports from Moldova reduced by 6.9% to $67.2 million.

Ambassador Extraordinary and Plenipotentiary of Belarus to Moldova Vyacheslav Osipenko noted that the Belarusian side is happy with the dynamics of the mutual trade and confirmed that the goal to reach $500 million in mutual trade with Moldova in the coming years is achievable.

According to the Belarusian diplomat, the economies of the two countries are complementary. Belarusian tractors, household appliances, construction materials, dairy products, other food and industrial goods are in great demand on the Moldavian market. Chisinau purchases Belarusian trolleybuses and Belarus has an agreement to set up a joint company to assemble these vehicles in Chisinau.

Belarus, on its part, is leading in the purchase of Moldavian winemaking products. Today the Belarusian market accounts for nearly one fourth of Moldova’s total wine products export. Belarus also buys a lot of fresh and tinned fruit and vegetables, making Moldova’s world second partner behind Russia.

The Belarusian diplomat also stressed vibrant regional cooperation, mutual business visits, expansion of ties and intensification of cooperation between particular oblasts and regions of the two countries.