News // Economy
Belarus-Tatarstan trade now on the rise
19 October 2016 , 12:11Neftegaz.RU894
The main areas for the growth of economic cooperation between Belarus and Tatarstan include industry, construction and innovation. On October 18, 2016, the Head of the Republic Rustam Minnikhanov met with Alexander Lukashenko.
Belarus and Russia's Tatarstan have signed an action plan to develop cooperation in 2017-2020.
Prime Minister of Belarus Andrei Kobyakov said: «Unfortunately, in the last 2 years our trade turnover was declining due to some circumstances. Anyway, Belarus' export to Tatarstan has increased a bit. It has happened thanks to our finding the points where we can work very actively on mutually beneficial terms.»
Minsk Motor Plant and the Tatarstani holding company RariTEK have signed a memorandum of cooperation to develop and make gas-fueled engines based on engines of the Belarusian company.
Belneftekhim representatives met with top executives of the Russian company Nizhnekamskneftekhim on 17 October, 2016. The Russian company is one of the largest partners of the Belarusian petrochemical industry in Tatarstan. Upon the relevant instructions of the government Belneftekhim is in charge of advancing cooperation between Belarus and Russia's Tatarstan.
Enterprises run by the Belarusian state petrochemical concern Belneftekhim increased their export to Tatarstan by nearly 50% in January-August 2016.
In January-August 2016 Belneftekhim's enterprises increased their export to Tatarstan by 46.1%. The main exports were cord fabric (73.9% up) and four-carbon fraction (51.5% up). Belneftekhim enterprises also export automobile tires primarily for the automobile engineering company KamAZ. From Tatarstan Belneftekhim imports artificial rubber, oil, and other products. Bilateral trade totaled $46.7 million, with Belneftekhim's surplus at $4.8 million.
In January-August 2016 Belarus' export to Tatarstan totaled $148.2 million, 13.1% up.
To read this news in Russian.
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