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28 February 2023, 14:26

Belarusian commodity exchange touted as e-gateway to EAEU for Pakistani goods

MINSK, 28 February (BelTA) - The Belarusian Universal Commodity Exchange (BUCE) can serve as an e-gateway for manufacturers from Pakistan to Belarus and other countries of the Eurasian Economic Union (EAEU), Aleksandr Bashliy, Head of Foreign Relations at BUCE, said during the negotiations with a Pakistani business delegation in Minsk, BelTA learned from the BUCE press service.

The visit was organized with the assistance of the National Agency for Investment and Privatization to intensify investment, trade and economic cooperation between Belarus and Pakistan.

"In terms of Belarusian-Pakistani trade, the BUCE can play the key role as a platform for finding business partners and concluding import/export transactions. Partners are offered a comprehensive solution that includes an electronic gateway for Pakistani goods, a number of tools and services that simplify doing business in Belarus. You can participate in trading both independently and through stock brokers, who, as a rule, take on part of the risks. In Pakistan, we already have one company with this status, but, of course, we are interested in expanding the brokerage network," Aleksandr Bashliy noted.

In this regard, the head of the Pakistani delegation proposed to work out the possibility of selling food and industrial goods produced in Pakistan at BUCE. In his opinion, dried fruits, rice, plastic and leather products will be in high demand among Belarusian bidders. "The main thing is to build logistics, which is important in the light of the current conditions. Therefore, in preparation for today's meeting, we already identified possible routes for the movement of goods in both directions. We hope that the BUCE will help us to establish supplies of Pakistani goods to Belarus and trade with Belarusian enterprises bypassing intermediaries," he said.

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