Photo courtesy of BUCE
MINSK, 17 March (BelTA) - The Belarusian Universal Commodity Exchange (BUCE) and the Chamber of Commerce and Industry of Tatarstan signed a cooperation agreement on the development of electronic exchange trading. The signing ceremony took place during the meeting of the BUCE delegation with the business community of Tatarstan in Kazan, Russia on 17 March. The document was signed by Irina Narkevich, Deputy Chairwoman of the BUCE Board, and Shamil Ageyev, Chairman of the Chamber of Commerce and Industry of Tatarstan, BelTA learned from the BUCE press service.
The main purpose of the agreement is to consolidate the efforts of the parties to attract small and medium-sized businesses of Tatarstan, which is one of the largest and most economically developed regions of Volga Federal District of Russia, to the Belarusian commodity exchange. The agreement, in particular, provides for joint business events, advertising campaigns, exchange of information, provision of consultations and other activities contributing to raising the awareness of Tatarstan entrepreneurs about the opportunities offered by BUCE.
“Last year, bidders from Tatarstan ranked fourth in the number of exchange transactions among all Russian regions represented at BUCE. At the same time, compared to 2023, the exchange trade between Belarus and Tatarstan increased more than 10 times, reaching $49 million. It is noteworthy that the entire volume of sales came from the export of Belarusian meat and dairy products, while the greatest demand was for butter and milk powder. In 2025, supplies of dairy products still prevail in the structure of transactions with Tatarstan. In January-February, the growth rate for this group of goods amounted to 216%,” Irina Narkevich said.
According to the BUCE representative, in order to get even more benefit from the exchange mechanism it is necessary to involve other promising areas of mutual trade, such as metal products, timber and industrial and consumer goods.
“Expansion of exchange trading will significantly improve performance in the exchange segment, and, in general, strengthen trade and economic interaction between Belarus and Tatarstan. Therefore, we count on the support and assistance of the Chamber of Commerce and Industry in organizing systematic work with the Tatarstan business. I am sure that our partnership will bring practical benefits and open new opportunities for Belarusian and Tatarstan business entities,” Irina Narkevich emphasized.
As of 17 March 2025, a total of 4,416 residents of Russia, including 45 from Tatarstan, were accredited at BUCE.
Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry and agricultural products, industrial and consumer goods.
The main purpose of the agreement is to consolidate the efforts of the parties to attract small and medium-sized businesses of Tatarstan, which is one of the largest and most economically developed regions of Volga Federal District of Russia, to the Belarusian commodity exchange. The agreement, in particular, provides for joint business events, advertising campaigns, exchange of information, provision of consultations and other activities contributing to raising the awareness of Tatarstan entrepreneurs about the opportunities offered by BUCE.
“Last year, bidders from Tatarstan ranked fourth in the number of exchange transactions among all Russian regions represented at BUCE. At the same time, compared to 2023, the exchange trade between Belarus and Tatarstan increased more than 10 times, reaching $49 million. It is noteworthy that the entire volume of sales came from the export of Belarusian meat and dairy products, while the greatest demand was for butter and milk powder. In 2025, supplies of dairy products still prevail in the structure of transactions with Tatarstan. In January-February, the growth rate for this group of goods amounted to 216%,” Irina Narkevich said.
According to the BUCE representative, in order to get even more benefit from the exchange mechanism it is necessary to involve other promising areas of mutual trade, such as metal products, timber and industrial and consumer goods.
“Expansion of exchange trading will significantly improve performance in the exchange segment, and, in general, strengthen trade and economic interaction between Belarus and Tatarstan. Therefore, we count on the support and assistance of the Chamber of Commerce and Industry in organizing systematic work with the Tatarstan business. I am sure that our partnership will bring practical benefits and open new opportunities for Belarusian and Tatarstan business entities,” Irina Narkevich emphasized.
As of 17 March 2025, a total of 4,416 residents of Russia, including 45 from Tatarstan, were accredited at BUCE.
Founded in 2004, the Belarusian Universal Commodity Exchange conducted its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to assist Belarusian enterprises with export and foreign companies with entering the Belarusian market. BUCE sells a wide range of metal, forestry and agricultural products, industrial and consumer goods.
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