OREANDA-NEWS. October 07, 2010. The Government of Belarus has approved the forecast of the foreign trade balance in goods and services of the Republic of Belarus for 2011-2015. The Council of Ministers issued Resolution No 1419.

The targets in terms of the foreign trade in goods and services have been set for the government bodies, oblast executive committees and Minsk City Hall.

Thus, the Industry Ministry is projected to reach a trade surplus of USD 3.5 billion in 2011, USD 4.1 billion in 2012, USD 4.8 billion in 2013, USD 5.6 billion in 2014, USD 6.4 billion in 2015.

The Ministry of Architecture and Construction will build a trade surplus from USD 220 million in 2011 to USD 315 million in 2015.

The Energy Ministry is expected to reach a trade surplus worth USD 45 million in 2011 and bring it up to USD 275 million in 2015 excluding imports of natural gas and electricity, goods and services related to the construction of the nuclear power plant.

The Belneftekhim concern will increase a trade surplus from USD 2080 million in 2011 to USD 4520 million in 2015 taking into account exports and imports of oil and oil products of companies-residents in Belarus.

Trade surplus will also increase across the concerns. Bellesbumprom will build it up to USD 515 million in 2015, Bellegprom to USD 390 million, Belbiopharm - USD 220 million, Belgospishcheprom - USD 220 million.

By 2015 it will be only the Healthcare Ministry that will have a trade deficit (USD 200 million). In 2011 the trade deficit is projected at the level of USD 240 million. It will be gradually reducing through 2015.

Governmental bodies, oblasts executive committees and the Minsk City Hall have been made responsible for the implementation of the foreign trade forecast in goods and services.

An action plan to implement the foreign trade forecast will be annually worked out by 1 November.