/ / News
19.07.2012

Foundation of Belarusian-Chinese investment fund discussed in China

MINSK, 19 July (BelTA) – Matters concerning the establishment of a Belarusian-Chinese investment fund were discussed during a visit of the delegation of the Belarusian government and the National Bank of the Republic of Belarus to China on 15-19 July. The delegation was led by Vice Premier Anatoly Tozik, representatives of the Embassy of Belarus in Beijing told BelTA.

While in China members of the Belarusian delegation met with top executives of the Commerce Ministry of China, the People’s Bank of China, the Export and Import Bank of China, the State Development Bank, and heads of several Chinese corporations, which are implementing major investment projects in Belarus.

At the meetings with executives of the Commerce Ministry, the Export and Import Bank of China, the State Development Bank the possibility and mechanisms of financing the establishment of the infrastructure of the Chinese-Belarusian industrial park were discussed. Apart from that, the sides talked over cooperation to encourage companies that have modern technologies and manufacture competitive products to reside in the park.

During talks in the People’s Bank of China the sides discussed the possibility of improving the terms of using swap resources in bilateral trade and economic relations as part of the agreement that was signed in 2009.

BelTA has been told the creation of a Chinese-Belarusian investment fund was another topic the Belarusian delegation discussed. A major Chinese company that has experience of establishing such funds in China and abroad showed an interest in such cooperation.

Several meetings of Anatoly Tozik and members of the delegation were dedicated to reviewing problems and difficulties that had arisen in the course of the implementation of individual projects.