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The Belarusian-Austrian trade and economic cooperation commission meeting

16.06.2006

The sitting was chaired by co-chairpersons of the Commission – Belarus deputy foreign minister Viktor Gaisenok and foreign trade relations director general of the Austrian federal ministry for economics and labour Johann Sachs.

The Belarusian-Austrian trade and economic cooperation commission held its interim meeting on 12 June in Vienna.
The sitting was chaired by co-chairpersons of the Commission – Belarus deputy foreign minister Viktor Gaisenok and foreign trade relations director general of the Austrian federal ministry for economics and labour Johann Sachs. Also present were representatives of the Austrian federal ministry for economics, federal ministry for agriculture, forestry, environment and water management, federal chamber of economics, Ambassador Extraordinary and Plenipotentiary of Belarus to Austria Alexander Sychov, Belarusian Embassy officers.
The participants discussed the status and prospects of developing trade, economic and investment cooperation between Belarus and Austria, considered the progress in fulfilling resolutions adopted at the sixth sitting of the Commission in November 2005. It was pointed out to the last year’s increase in the bilateral trade turnover (USD97,8 mln – 11 per cent up on the previous year), which testifies to the dynamic development of trade and economic cooperation between the states. Investment cooperation actively develops as well: in 2005 Austria invested USD178.4 million in Belarus, which placed Austria third among the largest foreign investors.
The parties also pointed out positive results in sharing experience of encouraging tourism and setting up environmental reserves. The sides positively assessed the progress in implementing the Belarusian-Austrian project for construction of a biogas power installation in Gomel region.
The sitting participants noted active cooperation of the National marketing and price studies centre of Belarus’ foreign ministry and the Austrian tender information agency Auftrag AT. The two agencies actively exchange information about tenders arranged in the two countries trying to encourage Belarusian and Austrian commercial entities to participate in the tenders.
Source: Ministry of Foreign Affairs of Belarus

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