Государственный комитет по имуществу Республики Беларусь State Committee on Property of the Republic of Belarus Государственный комитет по имуществу

The fourth meeting of the Commission for Trade and Economic Cooperation of the Belarus-China Intergovernmental Cooperation Committee was held on 24 August 2018 in Beijing.

The agenda of the meeting included consideration of such issues as the integration of the development strategy and plans of Belarus and China, regional cooperation of the two countries, the development of the China-Belarus Industrial Park "Great Stone", investment and credit cooperation, the potential of the first China International Exhibition of Imported Goods and Services and other platforms to promote the sustainable development of bilateral trade balance.
The Chairman of the State Committee on Property of the Republic of Belarus Andrey Gaev reported on the cooperation of state enterprises.

The Head of the Belarus department announced interim results of the work of the State Committee on Property of the Republic of Belarus and the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of China within the Framework Agreement on Cooperation and Communication Mechanism, which reflects the key directions in rapprochement of the production potentials of the two countries.

Particular attention is paid to the work on the pilot list of Belarus organizations with the preconditions for the entry of Chinese investors into their share capital and the first implemented project - the transformation of the Republican Unitary Enterprise "Order of the Red Banner of Labor" Institute Belgosproekt" into an open joint-stock company with the participation of the Chinese company Beijing JianYi Invesment Development (Group) Co.Ltd in May 2018, as a result positive changes are observed in the work of this enterprise, which contribute to a significant expansion of the order portfolio.

In the first half of this year, additional proposals were received for five Belarus industrial enterprises for inclusion in the pilot list, initially there were 20 joint-stock companies, 2 state enterprises and an investment project for the construction of a hydroelectric power station on the Western Dvina River.

Taking into account that the pilot list provides for different opportunities for Chinese investors to enter the share capital of Belarus organizations in all sectors of the economy, it is the basis for the negotiation process in this direction.

A significant contribution to the development of strategic bilateral Belarus-Chinese relations is the visit of the Chinese delegation to the Republic of Belarus in July-August 2017, the delegation was headed by Chairman of the State-owned Assets Supervision and Administration Commission of the State Council of the People's Republic of China. It became the strong foundations for establishing direct contacts between the leaders of the largest Chinese and Belarus enterprises.

The Chairman of the State Committee on Property of the Republic of Belarus Andrei Gaev and the Deputy Minister of Commerce of the People's Republic of China Fu Ziying reached an agreement on sending representatives of Belarus organizations participating in the pilot project on improving corporate governance to China to study the experience of improving the performance of state enterprises.

The fourth meeting of the Commission for Trade and Economic Cooperation of the Belarus-China Intergovernmental Committee for Cooperation concluded with the adoption of important decisions on deepening the areas of cooperation between the two countries, interfacing medium-term and long-term strategic development plans, and enhancing the pace of bilateral trade and economic cooperation.

Also, the ceremony of signing bilateral documents on the projects "Construction of a residential rental complex on the territory of the China-Belarus Industrial Park "Great Stone", "Construction of the China-Belarus Center for Cooperation in the Transformation of Scientific and Technical Achievements in the Territory of the China-Belarus Industrial Park "Great Stone", "Constraction a student residence" and "Constriction a Therapeutic corpus in a Healthcare Institution "Minsk Central District Hospital".


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