OUR STAFF REPORTER

ISLAMABAD

Pakistan and Belarus signed the ‘Road Map of Bilateral Cooperation between the Republic of Belarus and the Islamic Republic of Pakistan in the Short and Medium Term’. Federal Minister for Commerce, Engr. KhurramDastgir Khan and Minister for Industry of Belarus Vitaly M. Vovk signed the draft of Road Map in Islamabad. The two Ministers held delegation level talks and agreed to move swiftly on the agreed Road map.

The two countries agreed to the establishment of special economic zones in territory of both countries for encouraging investments in different areas including textile industry, leather industry, woodworking and furniture industry, manufacture of sports goods, surgical instruments, etc.

In the meeting Dastgir said that Ministry of Commerce is working to exchange the lists of items on which both the countries can offer zero rating. He said that Ministry will arrange sector specific visits of businessmen to visit each other countries so that trade may be enhanced to the levels envisaged by the leaders of two countries.

Vovk said that Belarusian Prime Minister will visit Pakistan in November and several MoUs will be signed between the two countries. He said that Belarus is appointing a Trade Officer in its Embassy in Islamabad to follow up on the decisions taken in the agreed Road map.

The Ministers agreed to facilitate the private parties in conducting joint ventures and establishing the assembly and production unit of Belarusian tractors in the Islamic Republic of Pakistan through simplification and harmonisation of customs procedures and improving transparency of relevant regulations.

It was decided to facilitate the private sector in delivery of mining equipment to Pakistan and the development of the assembly of production of mining equipment in Pakistan and facilitate the delivery of trailed and mounted agricultural equipment, self-propelled techniques and machinery, spare parts to Pakistan.

The two sides will conduct a study for the possibility of participation in infrastructure projects including the ones in the framework of the Pakistan-China Economic Corridor.