India and Belarus likely to expand bilateral trade

New Delhi, Apr 17 (KNN) India and Belarus may expand and strengthen their relations concerning the potential that exists in both the countries.

In a meeting with Foreign Minister of Belarus Vladimir V Makei here on Wednesday, President of India Pranab Mukherjee said the two countries share common perceptions on many issues.

“Bilateral relations are expanding. There is good understanding and cooperation between the two countries on international and regional matters. India appreciates Belarus’s support on India’s candidature for a permanent seat at the UN Security Council,” he said.

The president said total bilateral trade between India and Belarus is presently at the level of only about USD 400 million. There is enormous scope to expand and deepen these relations given the potential that exists in both the countries.

Belarus is the second largest supplier of potash fertilizer to India and latter is a key supplier of pharmaceuticals for Belarus. There are many more areas where both the countries could cooperate more productively. 

Expressing his confidence that the visit of the Indian President to Belarus would be a major milestone in bilateral relations, Makei said his country sees India as a key partner in the region.

Even through Belarus is a small country, it has capabilities in many areas of industry and science. It is possible to make advances in different areas of cooperation. Belarus can contribute to the ‘Make in India’ initiative of the Indian Government and is ready to consider transfer of technology, he added. (KNN/ST)

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