In 2010 the cooperation agreement on the establishment of the China-Belarus Industrial Park in the territory of the Republic of Belarus was signed between the Ministry of Economy of Belarus and the Chinese Engineering Corporation CAMC (CAMCE). The China-Singapore Suzhou Industrial Park has become the prototype of the China-Belarus Industrial Park.
The China-Belarus Industrial Park is an international territory with the area of 91,5 sq.km. The Park is located 25 km from Minsk in a unique natural complex and in close proximity to the international airport, railway lines, and the Berlin-Moscow transnational highway. In such a way, there is a possibility of duty-free entry into the market of countries of the Customs Union and the Common Free Market Zone (Russia + Belarus + Kazakhstan).
The Great Stone will be a modern international eco-city with an emphasis on high-tech and competitive innovation productions with high export potential. The project is being developed within the scope of the China-Belarus intergovernmental cooperation according to intergovernmental agreements.
Today, there are 56 residents in the park, 11 of which were able to start their own production by 2019.
Chinese, Belarusian, Russian, European and American investments successfully develop projects in the fields of electronics and mechanical engineering, biotechnology and fine chemistry, new materials, pharmaceuticals and logistics, storage and processing of large amounts of data, socio-cultural activities, and implementation of research, development and technological works.
The Regional Cooperation and Development Forum under the Belt and Path Initiative, active research in the field of artificial intelligence contribute to the involvement of resident companies, which are leading manufacturers in the field of financial technology and smart manufacturing.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.
We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.