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The 5th session of the Belarus-Germany Economic Cooperation Council will be held in Minsk on June 16. This important bilateral event is being prepared jointly with the German Federal Ministry of Economy and Technology, BelTA learnt from Ambassador Extraordinary and Plenipotentiary of Belarus to Germany Vladimir Skvortsov.
The Belarusian delegation is led by Belarusian Foreign Minister Sergei Martynov, the German one by State Secretary of the Federal Ministry of Economy and Technology Bernd Pfaffenbach.
According to Vladimir Skvortsov, during the forthcoming session, the sides intend to consider the measures to overcome the negative impact of the global financial and economic crisis on development of the Belarusian-German trade. One of the main causes of decline of Belarus’ exports to Germany is the fall of paying capacity or bankruptcy of German companies.
The sides will discuss the methods of work in the environment of increased financial risks and mechanisms of trade insurance. This all should help Belarusian exporters understand what to do to keep their positions on the German market and to boost supplies.
According to the diplomat, the session of such a level has not been held for ten years. During this period, the joint Belarusian-German group for trade and investments has functioned.
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