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FOREIGN TRADE
Major Exportable commodities of the country are mineral products, metals, textiles, food items and machinery. Exports partners of the country are United Kingdom, Russia, Poland and Netherlands.
Important importable commodities of the country are chemicals, foodstuffs, metals and mineral products. Imports partners are Germany, Russia and Ukraine.
The following statistics follows the foreign trade data of Belarus:
| |
2000 |
2003 |
2004 |
| Imports of goods and services (% of GDP) |
72.4 |
69.1 |
74.4 |
| Gross capital formation (% of GDP) |
25.4 |
26.6 |
28.3 |
| Merchandise trade (% of GDP) |
125.4 |
120.6 |
131.5 |
| Foreign direct investment, net inflows (BoP, current US$) |
119.0 million |
172.0 million |
169.4 million |
CONCLUSION
The country joined the World Bank in the year 1992. Since then the Bank has implemented so many policies for achieving higher economic growth and reducing poverty.
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