Business news

2 Dec 2024

Tyumen business encouraged to increase presence on Belarusian commodity exchange

MINSK, 2 December (BelTA) - The Belarusian Universal Commodity Exchange can become one of the elements of a comprehensive system of support for foreign trade of small and medium-sized businesses in Russia’s Tyumen Oblast. The agreement was reached following the Tyumen Export Forum during which BUCE presented its digital tools and services that make import/export operations easier, BelTA learned from the BUCE press service.

BUCE is going to team up with the Tyumen Chamber of Commerce and Industry and the Export Promotion Center to ensure the possibility of using BUCE’s electronic infrastructure for Tyumen business. Taking into account the importance of regional cooperation, it is assumed that the partners will be working to promote exchange trade not only between Belarus and Tyumen Oblast but also with the Ural Federal District of Russia as a whole.

"Of the six regions that are part of the Ural Federal District, BUCE had deals made by companies only from three regions of Kurgan, Sverdlovsk and Chelyabinsk this year. Accordingly, the reserves for intensifying cooperation are enormous," the BUCE press service said. "Tyumen Oblast is interesting primarily as a supplier of leguminous crops for the Belarusian fat-and-oil industry, so special attention will be paid to this area."

From the point of view of exports from Belarus, the products of the agricultural industry are of the greatest interest. For example, Tyumen trade organizations are ready to purchase various food products and textiles on the BUCE platform, while agricultural producers are interested in agricultural machinery spare parts and components.

The number one task, BUCE added, is the involvement of Tyumen business in exchange trade with Belarus. In this matter BUCE is looking forward to the assistance from the Chamber of Commerce and Industry and the Export Support Center.

In January-October of this year, the amount of transactions concluded at BUCE by companies of the Ural Federal District of Russia increased by 1.5 times. Ferrous and non-ferrous scrap, cut softwood timber and beef meat products were imported from Belarus through the exchange; ferrous and non-ferrous metal products, ferroalloys, coke and spare parts for water supply systems were supplied to the Belarusian market.