The economic indicators of Belarus demonstrate the attractiveness of the country for international trade. It is customary to highlight the following benefits:

  • strategic geographical location
  • direct access to ЕЕU markets
  • a well-developed infrastructure in Belarus: transport, logistics and communications
  • progressive investment legislation in Belarus
  • an attractive investment climate and favorable taxation policies
  • 6 free economic zones
  • highly skilled workforce

Belarus is a candidate to join the World Trade Organization. It makes many attempts to achieve compliance with the requirements of the organization.

Belarus adheres to the socially-oriented model of the market economy which has proven to be consistent and efficient.

The industrial complex is the backbone of the production potential of Belarus. Due to attractive geographical location and highly-developed scientific and technical potential, Belarus, being part of the former USSR, was the so-called "assembly plant" of the Soviet Union and specialized in science-intensive production. This has mainly predetermined the current structure of industry, which is oriented at the production of ready-made items and is based on imports of raw material, fuel and energy resources.

The leading sectors of Belarusian industry are:

  • machine building and metalworking:
    - automobile industry 
    - trucks and lorries building
    instruments making and electrical engineering industry
    - radio engineering industry
    - tractors and agricultural machines building
  • machine-tool building
  • chemical and petrochemical industry
  • wood and wood processing industry
  • optico-mechanical industry
  • light and food industry

About 100 major plants form the core of Belarusian industry.

Photo: Vital Baneyeu

Among them are the Minsk Tractor Plant, the Minsk Automobile Plant, the "Atlant" freezer and refrigerator plant, the "Horizont" TV-set plant, Oil-refineries in Novopolotsk and Mozyr, "Belaruskaliy" - the biggest producer of potassium fertilizers in the world.

Photo: Vital Baneyeu

Agro-industrial complex of Belarus is specializing in animal farming (milk and meat products), growing of flax, potato, grain and vegetable crops, sugar beet, rapes and fodder crops.
The agro-industrial complex is oriented at the creation of multi-structural agriculture, combining different types of property and management: collective state-owned farms with individual private farming.

Photo: Vital Baneyeu

Foreign trade and economic relations. Main trade partners of Belarus are Russia (over 50% of foreign trade volume), Ukraine, Poland, Germany, Lithuania and others. Due to objective historical and economic preconditions, Belarus maintains the most developed economic ties with the countries of the CIS, especially Russia. At the same time, considerable attention is being paid to the improvement of competitiveness of Belarusian goods and their expansion on the Western markets.

In the CIS region, Belarus maintains a stable leading position in the field of chemistry and petrochemistry, agricultural and automobile engineering, the agro-industrial complex, light industry, and in certain areas of information and communication technology development. In terms of exports of IT services per capita Belarus is ahead of all CIS countries. There are significant developments in the field of high technologies: in particular, in the production of optical and laser devices, automated control systems.

Photo: Vital Baneyeu

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