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A presentation entitled Ukraine – Belarus’ Partner has been held at Mogilev Region Administration on Thursday attended by representatives of Belarus’ Embassy in Ukraine and captains of Mogilev Region’s largest export-oriented industry flagships, Interfax reports.

As reported by Belarus’ Extraordinary and Plenipotentiary Ambassador to Ukraine Valentin Velichko, Belarus expects to see its exports to Ukraine grow by 35% on the year in 2008. In the meantime, the turnover of commodities in Belarus-Ukraine trade surged $3 billion in 2007. The trade balance was negative for Belarus at $62 million.

The bulk of Belarusian exports to Ukraine are commodities produced by companies under the Ministry of Industry and the Belarusian Petrochemical Industries Concern, 33% and 32% of the total value of exports respectively.

Meanwhile, according to Velichko, the share of Ukraine in Mogilev’s turnover has grown from 6.9% in 2005 to 8.5% in 2007.

Mogilev Region is expected to raise exports to Ukraine by at least 22% on the year in 2008, the diplomat underlined.

The bulk of Mogilev’s Ukraine-bound exports are various sorts of plastic and rubber goods – 46% of the total volume (of which tyres account for 85%), machines and mechanisms 25% (elevators and lifts – 62%), textiles and chemical fibre 16%.

Mogilev Region’s enterprises run over 20 distribution centres in Ukraine, half of which are located in Kyiv and its suburbs.

In particular, Bobruiskagromash has started a joint venture in Ukraine to produce balers.

In turn, there are two enterprises with Ukrainian investments operating in Mogilev Region.

The diplomat has appealed to businessmen to adopt flexible approaches now that a wave of political instability has hit Ukraine.

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