MINSK, 31 May (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) as a promising platform for entering the Belarusian market for forest products took part in the international forestry industry forum “New rules of the game: Timber industry during the pandemic” in Taicang in China's Suzhou, BelTA learned from BUCE's press service.
BUCE spoke about export capacities of the Belarusian forestry industry, BUCE's experience in organizing supplies of Belarusian sawn wood to China within the framework of the New Silk Road initiative, and its main advantages for Chinese buyers.
BUCE also spoke at length about its special trading sessions to sell and deliver sawn materials to end consumers in China. Thanks to them, BUCE attracted several large importers and increased export of Belarusian timber products to China manifold in less than six months.
BUCE is also working to expand the use of the transit transaction mechanism. It is creating a pool of sawn wood suppliers from Russia's Smolensk Oblast, Bryansk Oblast, and Pskov Oblast that are keen to sell their products not only to Belarus, but also to other countries, including the EU member state, China, the United Kingdom, and Egypt.
The forum brought together more than 120 companies of the Chinese forestry industry and leading experts from European and Asian countries. The organizers were LEF Network China (a project to promote supplies of timber products from Europe to China) and the company Tao Wood (China's big importer of timber products).
