BUCE assessed the prospects for expanding exchange cooperation with African countries

Photo by BUCE May 12, MINSK . In terms of capacity, purchasing power and demand for Belarusian products, the African market is one of the most promising areas for the development of cross-border exchange trade for Belarus, so this region will be given special attention. This statement was made by the HEAD of the foreign economic activity department of the Belarusian Universal Commodity Exchange Alexander Bashliy during a meeting with a delegation of business circles of the Togolese Republic and the Republic of Mali, BELTA learned from the press service of the commodity exchange.
"African countries are of interest both as potential consumers of goods sold on the exchange and as suppliers of raw materials needed by Belarusian enterprises. In particular, we already have positive experience in exporting sawn timber and dry MILK to the African market, and I think that we will be able to apply it to organizing exchange trade with Mali and Togo," said Alexander Bashliy. "In addition, SUGAR can be considered as a promising EXPORT commodity item , which is actively purchased through our platform by companies from Kazakhstan, Kyrgyzstan, Mongolia, Turkey and Uzbekistan." As for imports to Belarus from Africa, according to the BUCE representative, soybeans and cocoa beans, textile raw materials, mango puree and other exotic fruits will be in demand. The head of the Department of Foreign Economic Activity assured the business circles of Mali and Togo of BUCE's readiness to work through all these items and gather a pool of Belarusian buyers with real offers.
During the negotiations, such important issues for African businessmen as the procedure for obtaining an electronic digital signature for non-resident companies, settlements on foreign trade exchange transactions and control over their execution, conditions for the delivery of goods and transport and logistics support were also touched
upon. Following the meeting, the parties agreed to consider the possibility of accrediting the first company from Mali at BUCE to study the price situation on the Belarusian exchange market, work out the practical aspects of participation in trading and conclude a trial transaction, which will allow for a competent construction of a long-term cooperation scheme. As of May 12, 8,350 foreign companies have been accredited at BUCE, including 15 from African countries, in particular: Egypt, Kenya, Côte d'Ivoire, Seychelles, Senegal and the Republic of South Africa.
Photo BUCE