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26 February 2020, 19:02

BUCE to facilitate export of Belarusian timber products to Germany

An archive photo
An archive photo

MINSK, 26 February (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) intends to facilitate the export of Belarusian timber products to Germany, BelTA learned from BUCE Press Secretary Roman Yaniv.

Prospects of exporting more sawn timber and other products of the Belarusian forest industry to Germany via exchange trade were discussed at a session of the Belarusian-German working group on trade and investments in Leipzig. Plans are in place to attract not only large German companies but small and medium businesses to trade platforms of the Belarusian Universal Commodity Exchange. It will help form maximum competitive environment.

At present 92 commercial entities from Germany are accredited with the Belarusian Universal Commodity Exchange. The sum of transactions they carried out in 2019 was close to Br60 million. Germany is the second largest buyer of timber via exchange trade after Lithuania. At the same time it is necessary to expand the choice of products German commercial entities buy via the commodity exchange.

The German government pursues a policy of transition to renewable energy sources. This is why work is in progress on the possibility of using the exchange for organizing regular shipments of Belarusian fuel granules, pellets, and chipped wood to Germany. It is of current interest in view of the forthcoming launch of six new wood pellet plants in Belarus, which may sell their products to Germany and other European Union countries via the commodity exchange. The BUCE expressed readiness to help find customers, including with assistance of the accredited German exchange brokers.

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