Belarus Hopes To Make Up To $50 Bln On Export From Great Stone Park

Belarus expects to receive about $50 billion from export of products from theĀ Great Stone park, Belarus President Alexander Lukashenko said on 4 May at the meeting with the representatives of Chinese mass media who were on a press tour to Belarus.

The head of state added that Belarus expects even greater effectiveness from Belarusian-Chinese relations on the whole.

Chinese journalists during the excursion around the Palace of Independence. Photo: BelTA

Chinese-Belarusian industrial parkĀ Great Stone is expected to become one of the key hubs of the Silk Road Economic Belt initiative.

“Not by chance Xi Jinping named it a pearl of this large-scale project. Great Stone is an example of how China is rewriting the economic map of the world. It comes, in particular, to Belarus, and together with us creates a huge industrial hub here, and then the most advanced world companies, primarily from the People’s Republic of China, come as well,” Alexander Lukashenko said.

According to calculations, the economic effect from the park’s operation for Belarus should result in about $50 billion, Alexander Lukashenko added.

“We expect even more results from our relations”, the Belarusian leader said.

He also stressed the importance of cooperation between the regions of Belarus and China.

Construction of the industrial park Great Stone, July 2016. Photo: TUT.BY

The idea to create a joint Belarusian-Chinese industrial park was first voiced in 2012. It is located 25km away from Minsk between the National Airport Minsk, railway line and Berlin-Moscow highway.

The authorities offer investors tax privileges for 10 years, as well as “broad possibilities of the duty-free market of the countries of the Eurasian Economic Union and a window to Europe”.

Belarus expects to attract 100 companies to the park.

See also: Alexander Lukashenko Plans To Visit China In May

Source: TUT.BY