For 2020, Estonian authorities are planning new trade deals with nearby Belarus, which will lead to an increase in revenues.
The Ambassador Extraordinary and Plenipotentiary of Estonia to Belarus, Merike Kokajev wishes to expand trade between the two countries to 300 million EUR this year.
‘We expect trade with Belarus to rise to 300 million EUR this year. There is every possibility to increase the mutual trade. For example, the trade in 2010 made up 500 million EUR, so we have something to aim at’, the ambassador declared.
Digital economy is regarded as one of the most profitable industries for both Estonia and Belarus. This is because much of Estonia’s paper-based bureaucracy has been fully or partially digitized, including e-government, digital medicine, online taxes and digital books for students.
Furthermore, the ambassador believes the two countries need to develop cooperation in engineering and light industries, along with transport and logistics, stating that authorities at the Port of Tallinn have been cooperating with Belarus for the past few years.