Government Bodies
Flag Tuesday, 28 September 2021
Minsk Clear +12°C
All news
All news
22 July 2021, 18:29

BUCE ready to cooperate with Belarusian diplomatic missions for export promotion

MINSK, 22 July (BelTA) - The Belarusian Universal Commodity Exchange (BUCE) is ready to actively cooperate with Belarusian diplomatic missions to boost the export of Belarusian goods, BUCE Chairman of the Board Aleksandr Osmolovsky said during a presentation held for the heads of Belarusian diplomatic missions on 22 July, BelTA has learned.

“The exchange is working steadily in difficult economic conditions, increasing the customer base and looking for new ways of development. We are ready to become a reliable assistant for the Belarusian diplomatic missions. For our part, we also count on Belarusian diplomatic missions abroad to assist us in successful work with foreign partners,” said Aleksandr Osmolovsky.

He cited examples of successful projects implemented in cooperation with diplomatic missions. One of the projects was related to an active attraction of Russian business entities to the exchange, thanks to which the exchange turnover with Russia increased. The exchange is also developing cooperation with China: client numbers and trade volumes have increased significantly. Exchange trade with Poland and the UK is almost on the rise.

“Today the exchange is not only an electronic platform, not only a place for making deals, but also a marketing company which has taken on the functions to search counteragents for our enterprises, search markets for our goods, and promote certain commodity positions. For this we use all available instruments, including the capabilities of the Belarusian diplomatic missions. We would also like the diplomatic missions to actively use such mechanism as the exchange trade when resolving export issues. We are ready for cooperation,” the Chairman of the BUCE Board said.

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.

Subscribe to us
Recent news from Belarus