Export growth strategy
Opportunities and challenges of an open economy in today'sconditions
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In 2023, the Republic of Belarus has set a goal to actively restore the volume of investment in the Belarusian economy with the priority of creating import-substituting industries focused on exports and working on local raw materials. In this vein, another critical goal for the open economy of Belarus is the growth of exports. In March 2023, the Council of Ministers noted that Belarus' trade interests are not only within the Eurasian Economic Union and the Commonwealth of Independent States, but also in Asia, Africa and Latin America. In this context, for instance, Belarus will step up its coo...
In 2023, the Republic of Belarus has set a goal to actively restore the volume of investment in the Belarusian economy with the priority of creating import-substituting industries focused on exports and working on local raw materials. In this vein, another critical goal for the open economy of Belarus is the growth of exports. In March 2023, the Council of Ministers noted that Belarus' trade interests are not only within the Eurasian Economic Union and the Commonwealth of Independent States, but also in Asia, Africa and Latin America. In this context, for instance, Belarus will step up its cooperation with the countries of the Association of Southeast Asian Nations and the Shanghai Cooperation Organization, which will help Belarus tap the fastest growing and most promising markets. After all, in the current dynamic geopolitical situation, the Republic of Belarus will have to act as quickly and efficiently as possible in order to occupy its niche in these markets and successfully implement its export strategy. So what steps are being taken in these areas, both for Belarus and other countries? What is relevant in this regard? This study is about that.
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