Representatives of the administrations Mogilev Region and Ukraine's Odessa Region have signed a co-operation agreement, Interfax learnt from deputy head of the department for foreign economic links, investments and innovations of the regional economy committee Yuri Khilinski.
In his words, the agreement was signed by the governors of the regions within the framework of the visit of the Belarusian delegation to Odessa. The Mogilev Branch of the Belarusian Chamber of Commerce and Industry and Odessa Region Chamber of Commerce and Industry also signed a co-operation agreement that stipulates joint promotion of export, organisation of fairs, exhibitions, business meetings and information exchange.
Representatives of companies based in Mogilev Region took part in an economic forum and met with potential business partners, the source reported.
In particular, Mogilevliftmash is planning to expand the export of elevators to Odessa Region. In H1 2007 the plant supplied the region with 35 elevators ($550,000).
Bobruiskagromash OJSC is going to establish a joint venture in Odessa Region that would be engaged in agricultural machines assembly. The company is also planning to found there a regional stock of spare parts.
Another co-operation agreement signed within the framework of the visit was a protocol of intent between Mogilev City Hall and Yuzhny Administration.
Odessa Region accounts for 1.3% of the trade turnover between Mogilev Region and Ukraine. In January-May 2007 Mogilev Region exported $900,000 worth of goods to Odessa Region, or 12.6% down on the year. Import from the Ukrainian region rose by 33% to reach $172,300, the source informed.