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Tuesday, January 23, 2018

Belarus encourages Lithuanian investment in processing companies

Following a meeting between Lithuanian Minister of Agriculture Virginija Baltraitiene and Alexei Bogdanov, the head of the main department for foreign economic activity of Belarus' Agriculture and Food Ministry, Lithuanian businessmen were invited to invest in Belarusian processing companies.

"We have suggested investing in the Belarusian processing industry," Bogdanov said. "Belarus and Lithuania could set up joint ventures to process milk, meat, fruit and vegetables in Belarus and export the products to the Customs Union member states."

Baltraitiene's Lithuanian delegation studied a list of companies in need of foreign investments and promised to discuss Belarus' proposals with interested businessmen in the near future.

The possibility of boosting bilateral trade was also discussed, as were the expansion of contracts and an increase of cooperation between the veterinary services to protects animals from African swine flu.

"Another important point on the agenda was the export of Lithuanian products to Belarus and a possibility to deliver them further to Russia," Bogdanov said. "The Agriculture and Food Ministry of Belarus assured the Lithuanian delegation that Belarus has not supported and will not support illegal re-export. We have agreements with Russia that we strictly observe and we do not allow illegal re-export of products from countries subject to Russia's embargo."