Huge beneficial market opens up
United Arab Emirates seen as platform for re-export of Belarusian goods to third countries
During his visit to Minsk, UAE’s Economy Minister Sultan Bin Saeed Al Mansoori told journalists that the UAE may become the platform for the re-export of Belarusian goods to third countries. Belarus-made goods can be further promoted in the markets of the Arab states of the Middle East and to the markets of East Africa.
According to the Minister, thanks to the favourable geographical location of Belarus there are enormous opportunities for co-operation between the two states. He stressed the importance of Emirates business becoming familiar with the country and its opportunities. “We, as representatives of the country’s leadership, should open doors for mutually beneficial projects. We should work together, study and discuss them and through an ongoing dialogue find ways to implement them,” noted Mr. Sultan Bin Saeed Al Mansoori.
The UAE is Belarus’ main partner among the Arab states of the Persian Gulf. In 2014, Belarusian exports there amounted to $59.3m, up 44 percent against 2013. Belarus had a $48.9n surplus in trade with the UAE.
Last year, the volume of Emirati investments in Belarus reached $95m, of which $4m were foreign direct investments. In total, Belarus has 15 organisations involved in UAE participation.
By Yulia Davydova