Trade Turnover Between Belarus and US in Decline :: Charter'97 :: News

Over the first six months of the year 2001 the volumes of trade transactions between Belarus and the United States of America saw a significant curtailment as compared with the analogous period yester year. BelaPAN was told by the counselor of the department for USA and Canada of the Belarusian Foreign Ministry Ilona Yurevich that over the first half of 2001 the trade turnover between the two states slipped by 18,4%, including export – by 41,2% and import – 2%.

Yurevich said that the reduction in sales can be explained by the ceased shipment of steel armature of the Belarusian metallurgic plant due to the anti-dumping research in US and introduction of 114,53% duties.

Moreover, owing to the cancellation of privileges in trade for Belarus, under the general system of preferences, the Minsk ball-bearing production factory cut off the sale of its production to USA by 49,2%. In general, Belarusian export to the States dropped by 60,3%.

The reduction of row materials consignment to American companies, became the reason for the 23,3% slippage in export sales of “Bellegprom” goods to USA. At present, there’s a potential threat of introducing US quotas on Belarusian garment factories stuff.

Apart from that, “Belneftehim” concern decreased the shipment of fertilizers to USA by 75,5%.