Photos courtesy of BUCE
MINSK, 12 May (BelTA) - In terms of capacity, purchasing power, and demand for Belarusian products, the African market is one of the most promising areas of cross-border exchange trade for Belarus, so this region will receive special attention, Head of foreign economic relations at the Belarusian Universal Commodity Exchange (BUCE) Aleksandr Bashliy, said during a meeting with a business delegation from the Republic of Togo and the Republic of Mali on 12 May, BelTA learned from the BUCE press service.
“African countries are of interest both as potential consumers of goods sold at the exchange and as suppliers of raw materials which Belarusian enterprises need. In particular, we have already gained some positive experience of exporting timber and milk powder to the African market, and I think we can apply it to organize exchange trade with Mali and Togo,” Aleksandr Bashliy said. “In addition, sugar can be considered as a promising export commodity item as it is actively purchased by companies from Kazakhstan, Kyrgyzstan, Mongolia, Türkiye and Uzbekistan through our platform.”
As for Belarus’ imports from Africa, soybean and cocoa beans, textile raw materials, mango puree and other exotic fruits will be in high demand, the BUCE representative said. The head for foreign economic relations assured the business representatives of Mali and Togo of BUCE's readiness to work out all these positions and gather a pool of Belarusian buyers with real offers.
The negotiations also touched upon such important issues for African business representatives as the procedure for obtaining an electronic digital signature for non-resident companies, settlements on foreign trade exchange transactions and control over their execution, terms of goods delivery, transportation and logistics support.
The parties agreed to consider possibilities of accrediting the first company from Mali at BUCE to study the price situation on the Belarusian exchange market, to work out the practical aspects of participation in trading and to conclude a trial transaction, which will help build up a long-term cooperation system.
As of 12 May 2025, a total of 8,350 foreign companies, including 15 from African countries, namely Egypt, Kenya, Cote d'Ivoire, Seychelles, Senegal and the Republic of South Africa, were accredited at BUCE.
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