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Azerbaijan, Belarus eye joint production of pharmaceuticals (PHOTO)

Business Materials 28 December 2017 12:22 (UTC +04:00)
Azerbaijan and Belarus are planning to establish a joint venture for production of pharmaceuticals
Azerbaijan, Belarus eye joint production of pharmaceuticals (PHOTO)

Baku, Azerbaijan, Dec. 28

By Maksim Tsurkov – Trend:

Azerbaijan and Belarus are planning to establish a joint venture for production of pharmaceuticals, Ambassador Extraordinary and Plenipotentiary of Belarus to Azerbaijan Gennady Akhramovich said at a press conference in Baku Dec. 28.

He noted that it is planned to build the plant in Azerbaijan.

“First agreements in this regard were reached during the visit of Healthcare Minister of Belarus Valery Malashko to Azerbaijan,” said Akhramovich. “Today we are at the preliminary stage of establishing a Belarusian pharmaceutical facility in Azerbaijan. We have the relevant experience, personnel and technologies.”

The ambassador noted that presently, Belarus meets 50 percent of the demand for medicines through domestic production, and there is a great demand for these drugs in Azerbaijan.

“Financing issues will be discussed during the forthcoming bilateral meetings and there aren’t any particular problems in this regard,” he added. “If Azerbaijan wishes, Belarus is ready to build the facility partially or completely at its own expense.”

The ambassador stressed that the facility will be producing a small amount of the most popular modern antitumor drugs.

“The drugs produced at the facility may be exported to markets of third countries,” the ambassador noted. “Discussions are underway with Azerbaijani specialists. In early 2018, we plan to reach certain agreements, sign the relevant documents and, possibly, start work on the establishment of the facility in the second half of the year. As a rule, this process takes from one and a half to two years.”

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