Belarus Set Commodity Export Targets for State-Owned Industries
OREANDA-NEWS. The Government of Belarus has set commodity export targets for state-owned industries to fulfil on new promising markets: Australia, Algeria, Angola, Bahrain, Bolivia, Gabon, Gambia, Ghana, Greece, Zimbabwe, Jordan, Ireland, Spain, Cambodia, Cameroon, Qatar, Columbia, Cote d'Ivoire, Kuwait Laos, Lebanon, Malaysia, Mali, Malta, Morocco, Mozambique, Mongolia, Myanmar, Namibia, Nigeria, Nicaragua, Oman, Pakistan, Peru, Portugal, Saudi Arabia, Senegal, Singapore, Slovenia, Sudan, Thailand, Togo, Tunisia, Philippines, Croatia, Sri Lanka, Ecuador, and Ethiopia.
According to resolution #396 adopted by the government on May 20, companies affiliated with the state petrochemical industries concern Belneftekhim are expected to ship USD 650 million worth of commodities to the aforementioned markets, enterprises of the Industry Ministry - USD 300 million, companies of Belarus’ light industry concern Bellegprom - USD 25 million, companies of the Ministry of Architecture and Construction - USD 20 million.
The resolution also introduces challenging export targets for regional administrations.
The government refers to the resolution as a means of export diversification in 2013.