Belarus will apply to the U.S. Department of Commerce for the market economy status. The decision has been formalized in the Belarusian Council of Ministers’ Resolution No.690 of 9 October 2019 that was posted on the Belarus’ National Legal Internet Portal on 11 October, BelTA has learned.
The Belarusian Economy Ministry shall use the single-source procurement procedure and purchase legal services from Crowell & Moring law firm that will help with the transition process of Belarus from the status of non-market economy to the market economy status.
The market economy status enables exporting enterprises to compete for markets on an equal footing.
Resolution No.690 came into effect on 9 October 2019 and shall be valid for two years.
