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PR No.29 BELARUS OFFERS TRANSFER OF TECHNOLOGY, JOINT VENTURES BOTH SIDES HAVE POTENTIAL TO INCREASE BILATERAL TRADE TO $ 1 BILLION BY 2020; RABBANI MEETS BELARUSIAN PRIME MINISTER Islamabad

Belarus has offered to implement construction projects and initiate joint ventures with Pakistanis companies to enhance the economic cooperation between the two countries, as there are real opportunities for raising the bilateral trade to $ 1 billion by 2020.

This was deliberated during the meetings of Pakistani Parliamentary delegation headed by Mian Raza Rabbani, Chairman Senate of Pakistan with the President and the Prime Minister of the Republic of Belarus.  The Parliamentary delegation includes Senators Najma Hameed, Rubina Khalid, Muhammad Usman Khan Kakr, Sajjad Hussain Turi and Secretary Senate Amjed Pervez Malik.

Chairman Senate expressed the confidence that the current visit to the Belarus and meetings with the President, Prime Minister and the Chairman of the Council of Republic will be the first step toward closer parliamentary, social and economic cooperation between the two countries.  He invited the Chairman of Council of Republic and Belarusian Parliamentary delegation to visit Pakistan at any time of convenience during the current year.

While talking to the President of Belarus Mian Raza Rabbani said that he is convinced that the relation and cooperation between the Belarus and Pakistan will be vibrant in future. Pakistan and Belarus have managed to create the legal framework for this cooperation by signing more than seventeen agreements in different fields including economy.

The Belarus President Alexander Lukashenko said that Parliament play a big role in the two countries and asked the Chairman Senate to monitor Pakistan’s efforts to implement the agreed roadmap for short and medium term cooperation.  He said that we should go ahead of declaration and should work to achieve the target by mapping out specific cooperation areas and establishing the quantum of goods that we can sell to each other.  He expressed the hope that the Parliamentarians of the two countries will step up their efforts to materialize the bilateral cooperation.

The Belarusian Prime Minister Andrei Kobyakov while talking to Parliamentary delegation said that his country is ready to implement turnkey projects to build industrial, civil, agricultural and power generation facilities.  In field of industrial cooperation Belarus can supply ready tractors, automobiles and to consider options for setting up of assembly plants in Pakistan.  He said that in view of the special importance of agricultural economy of Pakistan, Belarus will share modern technologies in production, storage and processing of agricultural production.  Belarusian Prime Minister said that his country owing to its strategically important position in Europe can offer the opportunities for Pakistani companies to boost their presence in Belarus through joint ventures.  He said that Belarus can become springboard for Pakistanis companies who would like to promote their products to the Europe Union Countries and gate way to more than one eighty million strong market of the Eurasian economic union.  He said that Belarus considers Pakistan as an important and promising partner in South Asia.  Both countries have similar position on key issues on international agenda.  He said that involvement of Belarusian companies in China Pakistan Economic Corridor Project will fill the bilateral relations with great economic content.

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