Belarus: The Belarusian automobile engineering company BelAZ

The European Union is bitterly divided and likely to remain so

2016/01/02

Global growth will be disappointing in 2016: IMF's Lagarde

2016/01/02 World economic increase will be disappointing next year and the outlook for the medium-term has as well deteriorated, the chief of the International Monetary Fund said in a guest article for German newspaper Handelsblatt published on Wednesday. IMF Managing Director Christine Lagarde said the prospect of rising interest rates in the United States and an economic slowdown in China were contributing to uncertainty and a higher risk of economic vulnerability worldwide. Added to that, increase in world trade has slowed considerably and a decline in raw material prices is posing problems for economies based on these, while the financial sector in a lot of nations still has weaknesses and financial risks are rising in emerging markets, she said.

Eurasian Economic Union And Pakistan-Belarus Free Trade Engagements

2015/12/03 The newly created Eurasian Economic Union (EEU) has in a little while got the momentum as an economic hub for the nations of the region. The EEU includes Armenia, Belarus, Kazakhstan, Kyrgyzstan and Russia as its members, whereas; the Organization is a continuation of contemplation for establishing the integration projects by the Belarus, Kazakhstan, and Russia since 2007. The Organization fundamentally promotes the ideas of streamlining the flow and transportation of services and goods between the member states, therefore, it greatly attracts the interests of a lot of stakeholders and according to the Russian Ministry of Economic Development, a lot of international organizations and the economic giants like China has shown great interest in the creation of free trade zones through the EEU. The present political and economic importance of the South and Central Asian region along with free trade and economic potential across the Eurasian region greatly appeals almost each regional and international country, whether may they be developed or developing country seems eager approaching in bilateral and multilateral engagements with these organizations and the states in the region. The cooperation that is vital to the a lot of states’ national interests consists of the fields of security, economic, energy, bilateral, free trade, scientific education and cultural interactions. Most particularly, the Russian Federation and China have leading ambitious roles in region’s economic and infrastructural developments. In addition, the growing significance of the Shanghai Cooperation Organization (SCO) in the present scenario has further enabled China and Russia to become a dominant player on the world economic and political arena. This in turn has as well provided small or developing nations to benefit from the mutual benefit efforts of the SCO, EEU and other forums for their industrialization and national economic development goals.

Why the EU Lifts Belarus Sanctions

2015/11/08 On Saturday the suspension of most European Union targeted sanctions against Belarus came into result. The sanctions were suspended ​“in response to the release of all Belarusian political prisoners on 22 August and in the context of improving EU-Belarus relations”. Ironically, the move comes a few weeks next the facade presidential election in October 2015. The move shows that the EU's expectations of Belarus have become much lower. In the late 1990s the West expected from Belarus free and equitable elections and better respect for human rights. A regime change in Belarus looked realistic again. Twenty years later the major expectation of the European Union is not significant political changes but avoiding violence against political opponents and securing the release of political prisoners.