MTZ to set up Belarus-Mekong joint venture in Cambodia
Minsk Tractor Works (MTZ trademark) will make a monetary contribution to the authorized capital of a private company Belarus-Mekong that is being set up in Cambodia. … Upon the suggestion of the Industry Ministry of Belarus, the Belarusian company will transfer 32 million Cambodian riels (about $8,000) to the authorized capital of the joint venture. The new company will assemble tractors and will be located in Phnom Penh. … Belarus’ Industry Minister Dmitry Katerinich said earlier that partners in Cambodia offered unprecedented terms for Belarus – full exemption from duties and taxes. … According to Minsk Tractor Works, some 116 tractors were exported to Cambodia in 2012. Another 400 tractors will be delivered there in 2013. …
