Evolution of the geography of partnership
Opportunities for economic cooperation of the Republic of Belaruswith the states of the "far arc"
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In the first nine months of 2023, the Republic of Belarus received a record $31 billion in export earnings. This is the maximum volume over the last ten years. Nevertheless, the Belarusian government is actively working on entering the markets where Belarus is expected to be first and foremost, where Belarusian exporters have competitive advantages. These are the countries of the "far arc" in Asia, Africa and Latin America. The goal for 2024 is to increase exports to these countries by 2.5 times or almost four billion dollars. In particular, key reference points for entering this market have b...
In the first nine months of 2023, the Republic of Belarus received a record $31 billion in export earnings. This is the maximum volume over the last ten years. Nevertheless, the Belarusian government is actively working on entering the markets where Belarus is expected to be first and foremost, where Belarusian exporters have competitive advantages. These are the countries of the "far arc" in Asia, Africa and Latin America. The goal for 2024 is to increase exports to these countries by 2.5 times or almost four billion dollars. In particular, key reference points for entering this market have been identified in Africa. These are Egypt, Kenya, Nigeria, Zimbabwe, South Africa, and Equatorial Guinea. Exports of food products, machinery, equipment, and chemical products are planned to grow. Belarus already has a positive experience in Latin America. And it aims to move from simple trade to the establishment of joint ventures, assembly plants in Nicaragua, Venezuela, Brazil, Ecuador, and Cuba. What steps are being taken by Belarus to develop these growth points today and in the near future? This is the subject of the proposed study.
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