An assembling plant for tractors Belarus is expected to be set up in SemAZ (Semipalatinsk, Kazakhstan), BelTA learnt from the press service of the Industry Ministry.
This Kazakh company is also supposed to assemble trailers of Minsk Automobile Works. The issues related to the creation of joint ventures and assembling plants on the territory of Kazakhstan were discussed during the visit of the delegation of the Industry Ministry of Belarus to that country.
Deputy Industry Minister Gennady Svidersky held negotiations with the representatives of the Kazakh ministries and commercial organisations. The sides expressed mutual interest in developing industrial cooperation. Besides, the parties signed contracts on the delivery of tractors, farm machines and attached implements for the 2009 harvesting campaign to Kazakhstan.
In order to create necessary conditions to boost production cooperation between the companies of the Industry Ministry and economic agents of Kazakhstan, the sides have been studying a possibility to apply the agreement on common conditions and mechanism of boosting production cooperation between companies and sectors of the CIS member-states. The agreement was inked in Ashkhabad on December 23, 1993.
Kazakhstan is ranked among Belarus' top three trade and economic partners in the CIS, following Russia and Ukraine. Over the 11 months of 2008, the trade between Belarus and Kazakhstan almost reached $500 million.