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China-Belarus Industrial Park connects Euro-Asian economies

Staff Writer |
The construction of the 3.5-square-kilometer China-Belarus Industrial Park is almost complete in Belarus, Li Haixin.

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The manager of the park revealed that during a press conference held in Minsk.

The first phase of the industrial park, equipped with four-lane highways extending as long as 11 kilometers, underground sewage pipelines and electric and telecommunication wires, will open to a number of Chinese enterprises including ZTE Corporation and Huawei.

Belarus is expecting to partner with China by joining the Belt and Road Initiative. It has also set up Confucius Institutes and has made Chinese a subject of the country's Higher Education Entrance Exam, Cui introduced.

In June, 2012, Lukashenko has created one of the most investor-friendly environments by offering a 10-year-free-tax policy for enterprises registered in the park and promising a 50-percent tax cut in the next 10 years. Furthermore, the land that they have rented can be privatized for as long as 99 years.

The industrial park, when completed, is expected to increase the connectivity among Eurasian countries and sell products free of customs duties to countries including Russia, Kazakhstan, Armenia and Kyrgyzstan, with a combined total population of 170 million.

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