Made in Belarus

Today this "trademark" is known in 149 countries to which Belarus exports its products - more than one thousand descriptions ranging from the famous "'Belarus" tractors and giant BelAZ trucks to hardware and integrated circuits, potash fertilizers and cheese- The Belarusian exports soared nearly 3,5 times over the past ten years from $14 billion in 1996 to $42.1 billion in 2006 and generated more than 50% of the country's GDI* throughout these years. The latter factillustrates a high level of openness of the Belarusian economy.

The ever growing export of goods and services attests to the country's high level of development and shows the degree of its recognition by the international community Exports influence the slate of the economy, and hence the quality of life of the citizens. Therefore promotion of exports is a priority of both domestic and foreign policy of Belarus.

Fierce competition between producers of goods and services and an explosive growth of energy prices are the characteristic features of the present-day market, which lay down new rules of the game. This necessitates searching for new forms of presence in foreign markets, for uncharted ways of pro­moting Belarusian goods abroad, for boosting the quality of export products, their energy and material-intensity. In recent years the Belarusian exports grew on the back of mineral resources, largely oil and oil products The country's top priority now is to diversify its exports by stepping up the role of sci­ence-intensive and innovative products.

The need to diversify the export and import of energy supplies is another challenge of time, which Belarus has to respond to as a country with a well-developed industrial infrastructure and scanty en­ergy resources of its own. This issue of Economy of Belarus Magazine unveils the changes in Belarus' foreign trade and shows how the relationships with the new partners from the Middle East, South-Eastern. Asia and South America develop.

As earlier, special place is given to the Belarus-Russia Union State news. Russia is Belarus' major trade partner after all.

The world market of services is rapidly expanding; in fact it is growing even faster than the market of goods. In this respect Belarus has good prospects: a stable financial system allows the country to quickly boost its banking services sector: advantageous geographical position provides nice opportu­nities for invigorating transportation services. The Belarusian education system also has great export potential: in four years the number of foreign students is expected to increase five-fold. Certainly we must not forget about the market of travel services - Belarus has got what it takes to amaze travel lov­ers from all over the world.

'"Made in Belarus" should be a source of pride as well as economic benefits.

PRESENTATIONS:

1) Doing business in Belarus.

2) Speak about famous Belorussian companies and enterprises.

Date: 2014-12-29; view: 775