MINSK, 12 June (BelTA) - Representatives of many countries came to Minsk for the International Exchange Forum and expressed interest in cooperation with Belarus, BelTA has learned.
“I thank the Belarusian Universal Commodity Exchange for the invitation to participate in this representative forum. It is a great honor for me to be here in Belarus. We plan to develop cooperation with the BUCE in a wide range of areas. First of all, we will share commodity market operation expertise. This is the first visit of a representative of the Dubai Gold and Commodities Exchange to Belarus, so we have high expectations. I think our goals will be achieved,” said Jignesh Sanghvi, CFO of the Dubai Gold and Commodities Exchange.
General Manager of the Algiers Stock Exchange Yazid Benmouhoub noted that the Belarusian market is of interest to the exchange. “We would like to study your best practices. Despite the fact that our exchange is a stock exchange, we are also interested in the commodity segment of the market, and Belarus has great expertise in this area. I think we have ample opportunities to develop cooperation with BUCE, and also with the Belarusian Currency and Stock Exchange, since they are our colleagues in the financial market. We plan to establish close cooperation with the two Belarusian exchanges,” he shared his plans.
Chair of the Mozambique Commodity Exchange Victória Daniel Paulo stated that there had been no inter-exchange cooperation with Belarus so far. “Based on the results of the presentation of the Belarusian Universal Commodity Exchange, I can say that there is definitely a platform for the development of bilateral cooperation. Moreover, there are technological solutions that we can learn from you. We hope for future cooperation, primarily in mutual exchange of experience,” she said.
Chairman of the Board of Eurasian Trading System Commodity Exchange (Kazakhstan) Kurmet Orazaev extended greetings to the Belarusian Universal Commodity Exchange on its 20th anniversary. “This is one of the oldest exchanges in the region. We are always equal to the vectors of development of our colleagues. It is symbolic that we meet here, in Minsk, on the dialogue platform of commodity exchanges. The unified association forms a vision of the development of organized markets in the region. In order to ensure balance and sustainable development of our economies, we need an organized market, which we are working on together, and today we can already talk about the first big results. The EAEU common exchange market is expected to be launched soon,” he said.
Alexei Kuprin, Executive Director of the International Association of Exchanges, stated that the association comprises 17 organizations today, including an exchange representing China. “If earlier we united only exchanges of CIS countries, today we are expanding the number of our participants. We are already considering the entry of exchanges representing the countries of South-East Asia and Africa into our association. We expect that with the arrival of new participants exchange issues will be solved at an expanded international level and the dialogue will be constructive,” he emphasized.
The International Association of Exchanges unites the leading currency and commodity exchanges of Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and other countries. The Belarusian Universal Commodity Exchange has been a member of the association since 2011, and the Chairman of the Board of the BUCe is a member of the Board of the International Association of Exchanges.
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.
“I thank the Belarusian Universal Commodity Exchange for the invitation to participate in this representative forum. It is a great honor for me to be here in Belarus. We plan to develop cooperation with the BUCE in a wide range of areas. First of all, we will share commodity market operation expertise. This is the first visit of a representative of the Dubai Gold and Commodities Exchange to Belarus, so we have high expectations. I think our goals will be achieved,” said Jignesh Sanghvi, CFO of the Dubai Gold and Commodities Exchange.
General Manager of the Algiers Stock Exchange Yazid Benmouhoub noted that the Belarusian market is of interest to the exchange. “We would like to study your best practices. Despite the fact that our exchange is a stock exchange, we are also interested in the commodity segment of the market, and Belarus has great expertise in this area. I think we have ample opportunities to develop cooperation with BUCE, and also with the Belarusian Currency and Stock Exchange, since they are our colleagues in the financial market. We plan to establish close cooperation with the two Belarusian exchanges,” he shared his plans.
Chair of the Mozambique Commodity Exchange Victória Daniel Paulo stated that there had been no inter-exchange cooperation with Belarus so far. “Based on the results of the presentation of the Belarusian Universal Commodity Exchange, I can say that there is definitely a platform for the development of bilateral cooperation. Moreover, there are technological solutions that we can learn from you. We hope for future cooperation, primarily in mutual exchange of experience,” she said.
Chairman of the Board of Eurasian Trading System Commodity Exchange (Kazakhstan) Kurmet Orazaev extended greetings to the Belarusian Universal Commodity Exchange on its 20th anniversary. “This is one of the oldest exchanges in the region. We are always equal to the vectors of development of our colleagues. It is symbolic that we meet here, in Minsk, on the dialogue platform of commodity exchanges. The unified association forms a vision of the development of organized markets in the region. In order to ensure balance and sustainable development of our economies, we need an organized market, which we are working on together, and today we can already talk about the first big results. The EAEU common exchange market is expected to be launched soon,” he said.
Alexei Kuprin, Executive Director of the International Association of Exchanges, stated that the association comprises 17 organizations today, including an exchange representing China. “If earlier we united only exchanges of CIS countries, today we are expanding the number of our participants. We are already considering the entry of exchanges representing the countries of South-East Asia and Africa into our association. We expect that with the arrival of new participants exchange issues will be solved at an expanded international level and the dialogue will be constructive,” he emphasized.
The International Exchange Forum brought together heads of commodity and currency and stock exchanges in Europe, Asia and Africa, representatives of antimonopoly authorities of Belarus and Russia, experts of the Eurasian Economic Commission, as well as specialists in economics, finance and e-commerce from around the world.
The International Association of Exchanges unites the leading currency and commodity exchanges of Armenia, Azerbaijan, Belarus, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and other countries. The Belarusian Universal Commodity Exchange has been a member of the association since 2011, and the Chairman of the Board of the BUCe is a member of the Board of the International Association of Exchanges.
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.
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