Adopts new strategy for attracting FDI
18 Jan 2012
On 18 January 2012, the Council of Ministers of Belarus and the National Bank adopted joint resolution No.51/2 that approves the strategy for attracting foreign direct investment until 2015. The strategy is designed to facilitate foreign investment in Belarus by continuously improving the investment climate, reducing the share of the State-owned sector through privatization and developing public-private partnership including via investment or concession contracts with the Government. The Government’s strategy prioritizes greenfield FDI in the following industries: pharmaceutical industry, nanotechnologies, high-tech industries, new materials, information and communication technologies, chemical production, equipment and machinery production, electrical equipment, electronic and optical equipment, vehicle production, transport and communication, production of construction materials, farming and farm processing industries, light industries. In the automobile sector, the Government wishes to see joint ventures with transnational corporations established. The Resolution requires that relevant Government bodies adopt annual plans of activities for attracting FDI in line with the guidelines set by strategy and under the overall supervision by the Ministry of Economy. Annex 1 to the Strategy contains a list of 31 activities planned for 2012 with a view to improving the investment climate.
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Type:
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Entry and establishment (Ownership and control)
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Promotion and facilitation (Investment facilitation , Other)
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Industry:
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Not industry specific
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Primary (Agriculture, forestry and fishing)
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Manufacturing (Manufacture of food products, beverages and tobacco products, Manufacture of chemicals and chemical products, Manufacture of basic pharmaceutical products and pharmaceutical preparations, Manufacture of computer, electronic and optical products, and electrical equipment, Manufacture of machinery and equipment n.e.c., Manufacture of transport equipment)
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Services (Transportation and storage, Telecommunications)
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