Content

SEND US FEEDBACK


We're always looking for ways to make Geoba.se better. Have an idea? See something that needs fixing? Let us know!

Belarus: Foreign Economic Relations
Country Study > Chapter 6 > The Economy > Foreign Economic Relations

FOREIGN ECONOMIC RELATIONS


By mid-1995 Belarus still relied primarily on Russia and other members of the CIS as its primary trade partners but had started looking to expand its economic ties beyond the CIS. It turned to the EU, with whom it signed an agreement with the goal of gradual economic integration of Belarus into the EU, as well as to markets in the east, where it was better able to compete. An example of the latter was Belarus's trade of farm machinery and chemical fibers for Iranian oil in March 1995.

Although the total volume of Belarus's foreign trade declined by nearly one-third in 1994, the balance of its trade (non-CIS countries versus CIS countries) improved. Belarus's lack of reform of its domestic economy, however, has slowed down efforts to improve and expand its foreign economic relations.

In January 1995, Belarus signed a number of agreements in hopes that they would improve its access to foreign markets: trade barriers were lowered between Russia and Belarus, and Kazakhstan joined the agreement to create a free-trade area (however, one month later, the accord was still not implemented). Belarus and the EU signed an agreement to create a free-trade zone between the EU and Belarus. Under its terms, all quantitative limits on imports from Belarus to the EU will be abolished.

Data as of June 1995




Last Updated: June 1995


Editor's Note: Country Studies included here were published between 1988 and 1998. The Country study for Belarus was first published in 1995. Where available, the data has been updated through 2008. The date at the bottom of each section will indicate the time period of the data. Information on some countries may no longer be up to date. See the "Research Completed" date at the beginning of each study on the Title Page or the "Data as of" date at the end of each section of text. This information is included due to its comprehensiveness and for historical purposes.

Note that current information from the CIA World Factbook, U.S. Department of State Background Notes, Australia's Department of Foreign Affairs and Trade Country Briefs, the UK's Foreign and Commonwealth Office's Country Profiles, and the World Bank can be found on Factba.se.

Belarus Main Page Country Studies Main Page




Section 44 of 81






IMAGES


Click any image to enlarge.


National Flag



(p.) Belarus Ruble (BYR)
Convert to Any Currency



Map



Locator Map