Vladimir Semashko, the first deputy premier of Belarus, said on Friday that Belarus will set up assembly plants in Belarus.
Semashko made the announcement during a meeting with Oldemiro Baloi, the minister of foreign affairs and cooperation of the Republic of Mozambique, the Belarusian Telegraph Agency reports.
"Belarus and Mozambique have a significant cooperation potential in many fields, first of all, in agriculture and manufacturing, as well as education," Semashko said, according to the Belarusian Telegraph Agency. "The bilateral trade increased 3.4 times in 2013, however, the absolute number ($9.1 million, including $8.7 million in export) is still very small. We can expand the bilateral trade dozens and even hundreds of times."
Mozambique generates approximately 24 percent of its gross domestic product from agriculture. Semashko said Belarus could easily supply the country with its reliable and inexpensive tractors. Belarus could also offer a supply of road construction and municipal machines.
Semashko said an intergovernmental commission should be established to decide which projects would be the most effective, the Belarusian Telegraph Agency reports.
More Stories
- EUROPEAN INVESTMENT BANK: Bosnia and Herzegovina: EIB provides €340 million to advance works on northern part of Corridor Vc
- ABN AMRO SERVICES COMPANY: Fempower Your Growth: like tindering with female entrepreneurs
- EUROPEAN INVESTMENT BANK: Egypt: Team Europe - EIB and Banque Misr work together to support private businesses and speed up the recovery of SMEs from COVID-19
- ASIAN DEVELOPMENT BANK: ADB, NNS Sign Loans to Build Milestone Solar Power Project in Uzbekistan
- ASIAN DEVELOPMENT BANK: $123 Million ADB Loan to Help Build Elevated Walkways in Manila
- EUROPEAN INVESTMENT BANK: Germany: EIB provides €15 million of funding to IDnow
- ASIAN DEVELOPMENT BANK: CAREC Endorses Long-Term Strategy to Promote Safe, Sustainable, and Inclusive Tourism
- EUROPEAN INVESTMENT BANK: EIB Group provides €150 million to support artificial intelligence companies
- ASIAN DEVELOPMENT BANK: ADB Approves $430 Million to Help Rehabilitate Power Distribution Networks in Uttar Pradesh, India
- EUROPEAN INVESTMENT BANK: Greece: EIB backs EUR 470 million road safety scheme