On the draft international agreement

Belarus President Aleksandr Lukashenko has signed decree No.356 to approve a draft agreement between the government of the Republic of Belarus and the government of the People’s Republic of China on trade in services and on making investments as the basis for negotiations.

The step solidifies the legal foundation for stable and dynamic advancement of trade and investment relations between Belarus and China. Setting up a zone of free trade in services between Belarus and China in addition to enabling a transparent, liberal, and favorable investment regime for raising investments is the idea.

The agreement lays the groundwork for advancing cooperation in new spheres while observing (protecting) interests of both sides in the most sensitive segments of the economies.

The Economy Ministry has been authorized to conduct the negotiations and sign the agreement once the parties come to terms within limits of the approved draft.

Cooperation within the framework of the agreement is expected to dynamically increase the export of Belarusian services to China and increase investment flows from China.