Photo courtesy of BUCE
MINSK, 11 August (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) told entrepreneurs from Russia’s Tula Oblast how it can help them enter foreign markets, the BUCE press service told BelTA.
The head of the BUCE Foreign Economic Activity Department, Yaroslav Kovalchuk, took part in a meeting of the Tula Oblast Export Council organized by the Export Support Center of the Tula Entrepreneurship Support Center. The event brought together key representatives of government and business to exchange opinions and proposals on improving the conditions for foreign economic activity of Tula companies. As part of the meeting, a seminar “Export Opportunities for Regional Business in Modern Realities” was held, at which the BUCE representative explained how the BUCE platform can hep Tula businesses expand trade with Belarus.
“Currently 47 companies from Tula Oblast are registered on the exchange, including the Export Support Center, accredited in 2023 as a non-resident broker. The mutual exchange trade is dominated by cast iron and industrial products from Tula Oblast and sawn timber from Belarus. With the assistance of BUCE, the range of goods is constantly expanding, but it is obvious that the potential for inter-regional cooperation is far from exhausted,” Yaroslav Kovalchuk noted in his speech.
In particular, based on the industrial and economic specifics of Tula Oblast, the most promising areas are the supply of ferrous and non-ferrous metal products, automotive components, ferroalloys and electrical products to Belarus, and meat and dairy products, amino acids, building blocks, a wide range of industrial and consumer goods to Tula Oblast.
For this purpose, negotiations were held with representatives of Tula enterprises that sell many of their products at exchange trade platforms through intermediaries. Bringing them to the auction as independent participants will increase the volume of trade with Tula Oblast and expand the sales markets for Belarusian and Russian products.
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