Russian Export Center to support Belarus' export to third countries

(Belarus News, Minsk, 21 August 2019) The Russian Export Center intends to support Belarus-Russia integration projects on advancing to the markets of third countries. Plans are in place to sign a cooperation agreement with Eximgarant of Belarus, which will help lower costs of financing thanks to reducing the number of intermediaries, and will facilitate development of trade and export operations. One of the promising cooperation areas is promoting export to Egypt. The Russian Export Center has been authorized to implement the project to establish a Russian industrial zone in Egypt. It provides for setting up an industrial facility of 525 hectares in the East Port Said Industrial Zone located in the Suez Canal Special Economic Zone. The project will enable Russian exporters and suppliers to localize production in Egypt. The Russian Export Center is ready to support Belarusian enterprises which eye the African market. The Russian Export Center is a state institute established to support non-commodity export. Last year, the center provided around $19 billion to promote Russian export, and $1.33 billion to finance joint trade operations with Belarus.