Minsk is engaging in "multi-speed integration" with Baltic states
The head of the Estonian parliamentary delegation, who visited Minsk last week, spoke about the policy of openness in relations with Belarus. Estonia does not regard Belarus as a threat to regional security. Estonian and Latvian policies and statements radically differ from the confrontational relations between Lithuania and Belarus. Due to the difference in the attitudes of the Baltic states towards sensitive issues in relations with Belarus, i.e. the Nuclear Power Plant construction in Astravets and military cooperation between Belarus and Russia, the Belarusian authorities feel more confident in shaping their regional policy.
According to Decree No. 221 of June 23rd, 2017, deadlines for the completion of foreign trade operations have been extended from 90 to 180 days for exports and from 60 to 90 days for imports. Delayed payments entailed a fine up to 2% of the transaction cost for each day of the delay, but could not exceed the total cost of the transaction. Most companies, when working with new counterparties, require a deferred payment for a period of three to six months. Due to the new regulation, violations are likely to reduce in number, so as the fines. Trade enterprises are likely to expand the assortment list due to the supply of new products in small lots, and the assortment list of exported Belarusian goods could expand, too. The new terms for completing foreign trade transactions would enable medium and small companies on the foreign trade market, exporters and importers are likely to grow in number and the geography of export-import operations could expand.