Belarus-Thailand: Forging closer ties within the framework of the EAEU
GENERAL INFORMATION BELARUS export-oriented country with developed industry and agriculture, actively developing service sector, high scientific potential and transit opportunities Indicator Value, 2017 Population, million people 9.5 GDP, billion USD 54.4 Trade turnover, billion USD 72.8 TRADE PARTNERS: Russia Ukraine China Germany United Kingdom
EURASIAN ECONOMIC UNION More than 182 mln people GDP of more than 1,5 tr USD Almost 600 bln USD of foreign trade volume with third countries
EAEU INVESTMENT INCENTIVES Access to the common large market of goods and services Single customs territory Tariff preferences for manufacturing equipment import Vietnam was the first country to sign FTA with EAEU More than 40 countries expressed interst in signing FTAs with EAEU
EAEU – VIETNAM: TWO YEARS OF FTA EAEU export to Vietnam increased by 32% in 2017 Vietnamese export to EAEU increased by 28% in 2017 Two joint Belarusian-Vietnamese production facilities are being constructed in Vietnam
BELARUSIAN ECONOMY GDP growth 2.4% Industrial production increase 6.1% Labor productivity increase 3.6%
GROWTH INDICATORS Growth indicators, % q/q previous year Real GDP Growth, % Y-o-Y Growth indicators, % q/q previous year
BELARUSIAN SHARE IN THE WORLD PRODUCTION 17% of combine harvesters 30% of heavy duty dump trucks 19% of potash production 5% of world exports of dairy products
SKIM MILK POWDER, thous. tons POSITION IN GLOBAL DAIRY EXPORT, 2017 BUTTER, thous. tons 1 NEW ZEALAND 500,5 2 EU - 28 219,1 3 BELARUS 84,4 4 AUSTRALIA 28,3 5 USA 28,8 CHEESE, thous. tons 1 EU – 28 800,2 2 NEW ZEALAND 355,2 3 USA 289,7 4 AUSTRALIA 179,1 5 BELARUS 172 SKIM MILK POWDER, thous. tons 1 EU - 28 574,2 2 USA 566,9 3 NEW ZEALAND 444,1 4 AUSTRALIA 163,7 5 BELARUS 111,4 WHEY POWDER, thous. tons 1 EU - 28 552,9 2 USA 469,4 3 BELARUS 125 4 ARGENTINA 45,5 5 CANADA
Belarus ranked internationally Doing Business 2018: ranked 38 among 190 countries Doing Business «Trading Across Borders» 2018: ranked 30 among 190 countries Human Development Index: ranked 52 among 188 countries Measuring the information society: ranked 32 among among 176 counntries Minsk one of the top 10 most promising cities for foreign investors in Europe according to fDI intelligence
BELARUS – EASTERN EUROPEAN IT HUB Decree on Development of Digital Economy Adopted in December 2017* Belarus Hi-Tech Park Providing services globally to 60+ of Fortune’s 200 largest companies HTP residents with foreign or joint ownership amount to 59% of the total 192 resident companies 91% of the software products of HTP are exported More than 1 bn USD of software and IT services export in 2017 ICO and tokens to be allowed Self-driving vehicles Capital flow deregulation IT-education Venture investment Attraction of foreign IT-specialists Blockchain technology ‘English law’ *Came into force in March 2018
BELARUS – LOGISTICS POTENTIAL Total length of road network of 87 000 km annual freight turnover of the road transport 25 bn tkm 40 logistics centers with a total warehouse area of 630 thousand sq. m. Belarus provides opportunities for effective logistics projects with access to the EAEU and the EU markets
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