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Belarus aims for foreign trade surplus by 2014

Belarus should secure a foreign trade surplus by 2014, Prime Minister of Belarus Sergei Sidorsky told a session of the Council of Ministers on 28 September.

The session summed up Belarus’ social and economic development in January-September 2010 and discussed measures required to accomplish the development goals for January-September 2010 and the year as a whole. The ministers also talked over ways to reach a surplus of the foreign trade in goods and services in 2011-2013 and the progress in fulfilling Belarus President Directive No. 3.

According to Sergei Sidorsky, this year’s development targets are quite hard to hit but are feasible if local resources and ministries are mobilized. “Reaching a foreign trade surplus by 2014 is the task me and you have to accomplish in the next five-year term,” said the Prime Minister. He added that virtually all ministries, government agencies, concerns and oblast executive committees have adjusted their decisions regarding these matters. In particular, they have agreed on specific steps that will be taken in 2011-2013 to secure a foreign trade surplus.

The head of government also remarked that it is necessary to reach new parameters of the export-oriented economy and its innovation-based development next year. The relevant legal base is being prepared as well as a government resolution on developing the innovation component in the next five-year term. It can be diverted only to reduce the foreign trade deficit, he added.

Speaking about Belarus President Directive No. 3, Sergei Sidorsky said that the current five-year term is about to end. Tasks had to be performed during the five-year term to reduce GDP’s energy consumption. “Goals relating to local fuels and renewable energy sources have been set, important documents have been passed. We will have a look at the most important areas of the fulfillment of this directive,” he said.


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