Osmolovsky: BUTB will provide comprehensive support to Belarusian exporters
Photo is illustrative in nature. From open sources.
Alexander Osmolovsky
14 November, MINSK . Every export-oriented enterprise accredited at the Belarusian Universal Commodity Exchange (BUCE) can count on comprehensive information and marketing support, as well as access to all the tools and services that simplify work in foreign markets. This was stated by BUCE Board Chairman Alexander Osmolovsky, speaking at the plenary session of the EXPORT League business forum in Minsk, BELTA learned from the BUCE press service.
"Today, the exchange is not just an electronic platform for concluding transactions, but a comprehensive digital ecosystem that combines various tools and services that help domestic companies do business abroad, promote their products to new markets, minimize risks and build a multi-vector sales policy. Participants in exchange trading have at their disposal a database of almost 7 thousand potential business partners from 70 countries, an extensive network of non-resident brokers, settlements for transactions using the "delivery versus payment" scheme, a system for monitoring the execution of exchange contracts and much more. In other words, we actually provide a "one-stop shop" in the field of exchange trading for exporting enterprises accredited on our platform. Therefore, the more representatives of Belarusian business use the exchange mechanism, the more significant the positive effect will be for the economy of our country and its export potential," the HEAD of BUCE is confident.Speaking about the possibilities of using the exchange platform for the purpose of export diversification, Alexander Osmolovsky drew attention to the market of the People's Republic of CHINA, where BUCE has already formed a pool of more than 150 companies ready to buy a wide range of Belarusian goods.
"Based on the results of 10 months, China has become the largest export destination for Belarusian participants in exchange trades. Through our platform, domestic enterprises actively supply wood processing products, vegetable oils, dry skim MILK , synthetic fibers, and leather goods to China. As a result, compared to January-October last year, the volume of export transactions has increased two and a half times. And due to the representative office in Shanghai, we plan to achieve even higher figures, since we have now eliminated the last barrier for Chinese companies to enter the Belarusian exchange market - distance," emphasized Alexander Osmolovsky.
Photo by Vitaly Pivovarchik
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