Belarus mulling over export strategy for 2016-2020

Belarus mulling over export strategy for 2016-2020

The development of economic integration in the Eurasian Economic Union (EEU) will eliminate constraints on export growth.

This is stated in the draft national export support and development program for 2016-2020, which is now available on the website of the Ministry of Foreign Affairs for a public discussion.

It takes into account the experience of previous programs, particularly the current situation of international trade, as well as new trends in globalization and regional integration.

According to the draft program's developers, Belarus needs to further strengthen trade and economic ties with promising, fast-growing economies and markets of Southeast Asia and the Middle East.

Belarus also plans to increase the share of exports to distant countries (Asia, Latin America and Africa) to 10% by 2020.

Export development will be favorably affected by the entry of Belarus to the World Trade Organization (taking into account the interests of the national economy) and the expansion of multilateral cooperation with the European Union.