Belarus has one of the most open economies in the world, Belarus President Alexander Lukashenko said as he received credentials from foreign ambassadors on 13 December, BelTA has learned.

“Belarus has one of the most open economies in the world. Apart from taking measures to promote business, we are now doing our best to advance international trade and economic ties,” the President said.

He remarked that Belarus is one of the founders of the Eurasian Economic Union which turned into one of the largest integration associations in Eurasia in two years after its formation. “I am convinced that by developing economic relations with Belarus you will appreciate truly unlimited prospects granted by the access to the common market of the EEU,” the Belarusian leader said.

The President noted that this year Belarus marks the 25th anniversary of its sovereignty. “Within a rather short period of time we overcame an economic recession caused by the collapse of the USSR and, in fact, restored the socially-oriented state. We have carried out the systematic modernization of virtually all industries and sectors of the economy so far,” Alexander Lukashenko said.

He said that more than 50% of Belarusian products are exported. “We are by right proud of the state-of-the-art avenues of business, namely nuclear energy, space exploration, biotechnology, defense technologies,” the Belarusian leader said.

The head of state also reminded that the new composition of the National Assembly of the Republic of Belarus was formed in September 2016. “I think that it is a good reason to think about the expansion of interparliamentary cooperation. I hope that you will play an important role in the dialogue of legislative authorities of our countries,” the President said.

Alexander Lukashenko stressed that Belarus is open for solid contracts and cooperation, and is ready to implement mutually beneficial projects. “I am convince that you will not only serve as observers analyzing the processes in Belarus, but will also advocate for the expansion of practical ties between our states,” the head of state remarked.

The President received the credential from the ambassadors of Burkina Faso, Indonesia, Canada, Lithuania, Luxembourg, Mongolia, Finland, France, Eritrea, Estonia, and from the Apostolic Nuncio to Belarus.