Be­larus in­vestors to build big pharma plant

Azer News - - Nation - By Le­man Mam­madova

Abig phar­ma­ceu­ti­cal en­ter­prise will be built in Azer­bai­jan through Be­laru­sian in­vest­ments, Am­bas­sador of Be­larus to Azer­bai­jan Gen­nady Akhramovich said at a press con­fer­ence on De­cem­ber 27.

He noted that the en­ter­prise will pro­vide the Azer­bai­jani mar­ket with the most mod­ern high-tech medicines.

“First of all, the mat­ter rests in the pro­duc­tion of on­col­ogy medicines,” he said, adding that the en­ter­prise will be one of the most mod­ern in the post-Soviet area.

Akhramovich also un­der­lined that the medicines pro­duced at the en­ter­prise may be ex­ported to other coun­tries.

Touch­ing upon the bi­lat­eral trade re­la­tions he said that the year 2018 saw a real break­through in trade and econ­omy be­tween Azer­bai­jan and Be­larus.

He noted that fol­low­ing the ten months of 2018, the trade turnover be­tween the coun­tries ex­ceeded $400 mil­lion on 370 com­mod­ity items, adding that by the end of the year, this fig­ure will reach ap­prox­i­mately $ 450-500 mil­lion.

Be­laru­sian ex­ports to Azer­bai­jan in­creased by al­most three times, while ex­ports from Azer­bai­jan in­creased by 44 per­cent.

“There are pos­i­tive sta­tis­tics on both the in­crease in Be­larus ex­ports to Azer­bai­jan and Azer­bai­jani ex­ports to Be­larus,” he said.

Be­larus mainly ex­ports to Azer­bai­jan the pro­duc­tion of ma­chin­ery, wood­work­ing, tires, food­stuff, medicine, house­hold ap­pli­ances, dishes and other goods, mean­while Azer­bai­jan ex­ports to Be­larus the prod­ucts made of alu­minum, prod­ucts of petro­chem­istry, en­gi­neer­ing and agri­cul­ture.

The am­bas­sador noted that the economies of Be­larus and Azer­bai­jan are not com­peti­tors, but com­ple­ment each other.

“Prod­ucts of the ma­chine en­gi­neer­ing in­dus­try, petro­chem­istry, wood­work­ing, phar­ma­ceu­ti­cals, mil­i­tary-tech­ni­cal co­op­er­a­tion be­came the main Be­laru­sian ex­port items to Azer­bai­jan,” he said. “In turn, Be­larus also im­ported petro­chem­i­cals, veg­eta­bles, fruits and many other nonoil prod­ucts from Azer­bai­jan.”

The am­bas­sador em­pha­sized that Be­larus is ne­go­ti­at­ing with Azer­bai­jan to in­crease the num­ber of reg­u­lar flights.

"We want to use Azer­bai­jani air­craft to es­tab­lish in­ter­na­tional flights, for ex­am­ple, Minsk-New York," Akhramovich said, adding that Be­larus also plans to in­crease cargo turnover on air routes from Baku.

Akhramovich went on to say that Be­larus is in­ter­ested in the North-South project and the Baku-Tbil­isi-Kars rail­way, and Be­larus aims to cre­ate a rail­way route Minsk-Baku.

The am­bas­sador re­minded that in Alat there is a pow­er­ful lo­gis­tic cen­ter, the ca­pa­bil­i­ties of which can be used by Be­larus to sup­ply its goods to Ge­or­gia, Turkey via the Baku-Tbil­isi-Kars route.

He noted that this year the cargo traf­fic be­tween Azer­bai­jan and Be­larus will amount to 400,000 tons.

Diplo­matic re­la­tions be­tween the two coun­tries were es­tab­lished in 1993, but co­op­er­a­tion in the eco­nomic sphere has been de­vel­op­ing dy­nam­i­cally in the past decade.

To­day, a le­gal and or­ga­ni­za­tional frame­work has been set up that al­lows the im­ple­men­ta­tion of joint projects. The Agree­ment on In­vest­ment Pro­mo­tion and Mu­tual Pro­tec­tion be­tween the Gov­ern­ments of Be­larus and Azer­bai­jan came into force in 2011.

A store of Be­laru­sian goods is ex­pected to open in Ganja, the sec­ond big­gest city of Azer­bai­jan, while sim­i­lar sale points are al­ready op­er­a­tional in the cap­i­tal city Baku.

More than 10,000 Be­laru­sian trac­tors and their spe­cial­ized equip­ment have been as­sem­bled at Ganja au­to­mo­bile plant over the years.

More­over, Azer­bai­jan and Be­larus had plans to sup­ply trac­tors to Turkey. The Minsk Trac­tor Works (MTW) OJSC signed a new con­tract with Ganja Au­to­mo­bile Plant in Azer­bai­jan on Septem­ber 22, 2017, for a sup­ply of trac­tors to Azer­bai­jan along with an ad­di­tional pro­to­col on jointly en­ter­ing the Turk­ish mar­ket.

Azer­bai­jan’s first ever Trade House was opened in Be­laru­sian cap­i­tal Minsk on May 26, 2017, that presents Azer­bai­jan's do­mes­tic prod­ucts.

Re­cently, Be­laru­sian Rail­ways and the Azer­bai­jan Rail­ways CJSC signed an agree­ment on mu­tu­ally ben­e­fi­cial co­op­er­a­tion for the in­ter­ac­tion of the rail­ways of the two coun­tries to con­trib­ute to the de­vel­op­ment of the In­ter­na­tional North-South Trans­port Cor­ri­dor.

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