Belarus and Pakistan are considering an opportunity to set up a plant to assemble Belarusian tractors

Belarus and Pakistan are considering an opportunity to set up a plant to assemble Belarusian tractors, Chairman of the Belarusian Chamber of Commerce and Industry Vladimir Ulakhovich told the media at the fifth meeting of the Belarus-Pakistan Business Council. According to the official, such meetings of the business community affect both the volume of trade and export supplies. “Last year was not very successful for obvious reasons, but this year is showing good dynamics.

 For example, exports grew 63% in January-June. I think we will post good figures this year, because the potential for cooperation is huge,” the BelCCI head said:

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 It is a huge and capacious market. Pakistan imports some $47 billion worth of products annually, and Belarus can be an important partner for Pakistan in this regard. The country knows Belarusian machines, the tractor “Belarus” in particular. We discussed the opportunity to set up a facility to assemble Belarusian tractors. We are talking about assembling 10,000 tractors a year in Pakistan. This project is now in progress and preliminary documents have been signed. We see the possibility of setting up joint ventures in the pharmaceutical sector and, of course, in food production. We have a well-developed bilateral legal framework, there are active political contacts, which opens up opportunities, which should be converted into contracts at such meetings as this.

According to Vladimir Ulakhovich, more than 60 companies from Pakistan were taking part in the event in Minsk. They represent 10 major industries, including chemical industry, pharmaceuticals, textiles, food production, construction, transport, logistics, tourism and others. “This is a wide list of industries we can cooperate in,” he said.