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Belarus-Thailand: Forging closer ties within the framework of the EAEU

Discover the investment incentives, growth indicators, and logistics potential of Belarus within the Eurasian Economic Union. Learn about the two-year FTA between the EAEU and Vietnam and the development of Belarus as an Eastern European IT hub.

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Belarus-Thailand: Forging closer ties within the framework of the EAEU

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  1. Belarus-Thailand: Forging closer ties within the framework of the EAEU

  2. GENERAL INFORMATION BELARUS export-oriented country with developed industry and agriculture, actively developing service sector, high scientific potential and transit opportunities

  3. 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

  4. 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

  5. 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

  6. BELARUSIAN ECONOMY • GDP growth 2.4% • Industrial production increase 6.1% • Labor productivity increase 3.6%

  7. GROWTH INDICATORS Growth indicators, % q/q previous year Real GDP Growth, % Y-o-Y

  8. 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

  9. POSITION IN GLOBAL DAIRY EXPORT, 2017

  10. Belarus ranked internationally • DoingBusiness 2018: ranked 38among190 countries • DoingBusiness «Trading Across Borders» 2018: ranked 30among190 countries • Human Development Index: ranked 52among 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

  11. 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 *Came into force in March 2018

  12. BELARUS – LOGISTICS POTENTIAL • Total length of road network of 87 000 km • annual freight turnover of the road transport 25 bntkm • 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

  13. THANK YOU FOR YOUR ATTENTION!

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