China and Belarus are comprehensive strategic partners with mutual trust and win-win cooperation. The economic and trade cooperation between the two countries has been continuously deepened, and the bilateral trade volume has steadily increased. The China-Belarus Industrial Park, which has been under construction since 2015, is located in Smolevich District, Minsk Oblast, Belarus, with a total area of 117.61 square kilometers. It is China's largest overseas economic and trade cooperation zone with the highest level of cooperation. Advocated by the head of state, supported and promoted by the governments of the two countries, China National Machinery Industry Corporation and China Merchants Group, two central state-owned enterprises, lead the development and operation.

By the end of 2020, the 8.5-square-kilometer infrastructure in the first phase of the park has reached "seven connections and one leveling", with 32 kilometers of roads and facilities for power supply, water supply, rainwater treatment, gas, sewage treatment, and communication pipe networks, forming 515 hectares of operational land. A comprehensive office building, a science and technology innovation center and a standard workshop of 85,000 square meters have been built, which can meet the production and operation needs of different types of enterprises. According to the introduction of the China-Belarus Industrial Park, in terms of attracting enterprises to settle in, the park has the following advantages:

Strategic location and convenient transportation. The park is located 25 kilometers east of Minsk, the capital of Belarus, adjacent to the Minsk International Airport. The M1 intercontinental highway passes through the park and leads directly to Moscow in the east and Berlin in the west. The M2 highway runs directly from the international airport to the city of Minsk. There is a special railway transportation line on the east side of the airport, and the planned urban light rail runs through the park to the airport. Minsk is about a 9-hour flight from Beijing.

The market potential is huge. As a member of the Eurasian Economic Union, Belarus can sell its products to Russia, Kazakhstan, Armenia, Kyrgyzstan and other markets without tariffs, covering a total population of more than 180 million.

Management model science. The park has set up a three-level management structure: the first level, the China-Belarus Intergovernmental Coordination Committee, is established by the government departments of the two countries to coordinate and promote the affairs of the China-Belarus Industrial Park; the second level, the park management committee, is responsible for the park's policy formulation, enterprise Services, administrative approval, and assistance in attracting investment; the third level, the park development company, is responsible for the development of park land, attracting investment and business management.

Industrial policy incentives. Since 2012, Belarusian President Alexander Lukashenko has issued the "Presidential Decree" four times, giving the park preferential policies in the form of the highest legislation of the country. Corporate income tax is exempted for ten years from the profit year, and then halved until 2062. Land tax and real estate tax are exempted. The lease term of land can be up to 99 years, and it can also be converted to private ownership. Public bonded area business can be operated in the park, enterprises can employ workers freely, and shareholders' profits can be freely remitted.

Exchange controls are relaxed. Enterprises can use any currency for investment, and no mandatory foreign exchange settlement is required. When opening a bank account, Chinese-funded enterprises entering the park can open accounts in RMB, U.S. dollars and local currencies at the same time. In addition to keeping daily required funds in the Belarusian ruble account, the enterprise funds can be stored in the account in foreign currency to avoid exchange rates. The impact of volatility.

Create a "one-stop" efficient service system for enterprises. All approvals involving enterprises are completed in the park, providing full-process services such as investment negotiation, company registration, project access, land transfer, construction application approval, joint acceptance, import and export approval, and preferential policy approval. The park development company provides consulting services for the whole process of investment, including registration, law, accounting, taxation, construction application, construction, and labor services. The China-Belarus Business and Logistics Park located in the China-Belarus Industrial Park provides full-supply chain business and logistics services for enterprises in the park. The park has also set up a customs station, which works 7 days a week to complete the customs clearance of goods without leaving the park.

It is understood that the leading industries of the China-Belarus Industrial Park are electronics and communications, machinery manufacturing, fine chemicals, new materials, biomedicine, warehousing and logistics, e-commerce, big data storage and processing, social and cultural activities and research and development. After the intended enterprise has notarized and certified the domestic investment subject materials, registered the Belarusian company, and prepared the project demonstration report, it can submit an application to the park management committee and become an enterprise entering the park.

Explore and innovate

According to the China-Belarus Industrial Park, as of the end of 2021, 85 companies have entered the park, including 43 Chinese-funded companies, 25 Belarusian companies, and 17 invested companies from third countries such as Europe and the United States, with an agreed investment of nearly 1.3 billion US dollars. Representative enterprises and projects that have settled in include SINOMACH Torch Park, China-Belarus Business and Logistics Park, Weichai Diesel Engine Project, Fast Transmission Project, Huawei, ZTE, China YTO Eastern Europe R&D Center, Zoomlion, and China Electric Power Co., Ltd. Electronic Technology Co., Ltd., China-Belarus Aerospace High-tech Industry R&D Center, China-Belarus Eurasian Ocean Science and Technology Innovation Research Institute, etc.

According to the actual situation in the development and operation of the park, the China-Belarus Industrial Park has carried out a series of explorations and innovations. From 2021, the China-Belarus Industrial Park will enter the second five-year planning period, shifting from the construction period to the high-quality development and operation period. The park's innovative development model is driven by high-end manufacturing and technology research and development, actively develops the park's digital economy, and explores e-commerce business between the two countries. In view of the differences in standards, laws and regulations, and cultures between the two countries, the park further promotes localized management. Nearly 90% of the employees in the park are locals. Each department of the park development company has Chinese who understand Russian and Belarusians who understand Chinese. Enterprises in the park often employ local people in legal, accounting and other positions; in view of the common financing problems in overseas parks, China-Belarus Industrial Park provides multi-channel financial services for enterprises in the park, and China Development Bank provides “marketable” services for Chinese enterprises in the park. “Competitive” interest rate financing support, and cooperate with local financial institutions in Belarus to support enterprises through on-lending, avoiding the bottleneck of asset evaluation, local banks in Belarus can also provide project financing to enterprises entering the park, and the park has also established a Sino-Belarus industry Fund investment supports innovative and growing enterprises.

The impact and changes brought about by the epidemic are also obvious. According to the China-Belarus Industrial Park, the epidemic has had a direct impact on the investment promotion of the park. Before the epidemic, there were four direct flights a week to and from Beijing and Minsk, but now it is changed to once a week. When there is a circuit breaker, there are few flights for one or two months. Interested companies want to visit the park but it is inconvenient. Moreover, the epidemic has a greater impact on cross-border logistics. In this regard, the China-Belarus Industrial Park not only strives to do a good job in epidemic prevention and control, but also provides targeted support to enterprises in the park. For example, some enterprises from Europe and the United States used to purchase raw materials from Europe. When the supply chain is blocked, the park will help them. Procurement of raw materials and goods from China. During the epidemic, the park also coordinated with all parties to strive for more financial support for enterprises entering the park.

Although some companies have been negatively affected by the epidemic, the epidemic has also brought development opportunities to some new industries. Under the situation that the epidemic situation in Europe continues to spread, the development of traditional Chinese medicine in Belarus has attracted great attention from the Belarusian government. China-Belarus Industrial Park seized the opportunity and successfully introduced New Era Biotechnology Co., Ltd. in March 2021. Epidemic Chinese patent medicine "Qingying Capsule" received an emergency medical approval from the Belarusian government on October 14, 2021, and has been used for local anti-epidemic treatment in Belarus. In the next step, the China-Belarus Industrial Park hopes to introduce more traditional Chinese medicine enterprises, not only to support the international anti-epidemic cause and the "going out" of traditional Chinese medicine, but also to promote the formation of traditional Chinese medicine industry clusters and create a "healthy silk road". Keywords: One Belt One Road, One Belt One Road News, One Belt One Road Project

For the parties involved in overseas parks, the China-Belarus Industrial Park also gave some suggestions: on the one hand, attach importance to the important role played by the CCPIT and related business associations, and suggest that the official website of the China Council for the Promotion of International Trade and the official website of the local trade promotion agency should set up a column for overseas parks. Display the information of overseas parks on the top, and promote several overseas parks a month. On the other hand, "going out" enterprises must abide by local laws and regulations. Belarusian laws and regulations are relatively complete, and they have a strong sense of abiding by laws and regulations. Government departments are highly clean. Enterprises operating in Belarus must handle various matters in accordance with local rules and regulations, and do not wander into gray areas to avoid unnecessary troubles. .Editor/XuNing