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Belarus, Ukraine agree to remove trade barriers

Xinhua, November 11, 2016 Adjust font size:

Belarus and Ukraine have agreed to remove trade barriers between the two countries, Belarusian Deputy Prime Minister Vladimir Semashko said Thursday after the session of the Belarusian-Ukrainian intergovernmental commission on trade and economic cooperation held here.

In particular, the problem with Belarusian cement supplies to Ukraine, which fell significantly over the last two years, has been resolved. The two countries have also removed the restriction on the supply of aircraft fuel, according to the press service of the Belarusian government.

Meanwhile, Semashko suggested the two countries find new growth points and boost the trade turnover to 8 billion U.S. dollars within the next few years, which is the highest record registered in 2012.

Promising areas for cooperation between the two countries include manufacturing, transportation, logistics and equipment production in municipal and agricultural sectors. Ukrainian Deputy Prime Minister Gennady Zubko said that Ukraine is also considering the possibility of oil processing at Belarusian oil refineries.

Moreover, Ukraine confirmed its readiness to use railway and waterway transport corridors more actively. Joint production of electric buses and other vehicles can also be very fruitful.

Trade turnover between Belarus and Ukraine dropped significantly over the past two years, before rebounding with an increase of 10 percent to 2.8 billion dollars in January-September this year. Endi