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Belarus’ commodity exchange, Development Bank to team up to promote export, investment

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MINSK, 27 July (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) hosted representatives of BR-Consult, a subsidiary of the Development Bank of the Republic of Belarus (DBRB) specializing in export-oriented investment projects, BelTA learned from BUCE’s press service.

BR-Consult expressed readiness to assist BUCE in attracting China Merchants Group, one of the largest shareholders of the China-Belarus industrial park Great Stone. This could significantly increase sales of Belarusian goods to China via BUCE.

“We maintain close ties with China Merchants Group and are ready to assist BUCE in attracting the corporation as a broker. I am sure that the Chinese partners will be keen to cooperate with BUCE that offers a wide range of products of major Belarusian enterprises that are in demand in China. For its part, BUCE could use the well-developed storage infrastructure and logistics capacities of China Merchants Group,” BR-Consult Director Andrei Mitskevich noted.

The Chinese market is one of the main growth drivers of export via BUCE, Chairman of BUCE’s Board Aleksandr Osmolovsky stressed. He expressed interest in working together with BR-Consult to attract China Merchants Group and other big Chinese companies to BUCE. “At present, there are 48 Chinese companies accredited at BUCE, but those are mostly small and medium-sized enterprises. Working with such a big player as China Merchants Group would significantly expand our opportunities for supplying Belarusian goods to China. I am talking not only about timber products, but also about almost the entire range of exports, including rapeseed oil, dairy products, meat, and semi-finished leather. We are happy to accept your proposal and join efforts in this field,” Aleksandr Osmolovsky said.

Apart from promoting Belarusian export, the parties will also consider investment projects with BUCE’s participation in transport, logistic, financial services, and other promising areas that have something to do with exchange trade.

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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