BUCE and the Development Bank intend to develop cooperation in the field of exports and investments

July 27, Minsk. An agreement to develop cooperation between the Belarusian Universal Commodity Exchange and the Development Bank was reached following a visit to BUSE by the management of UE BR-Consult (a subsidiary of the Development Bank specializing in the implementation of export-oriented investment projects), BelTA learned from the press service of the exchange.

In particular, UE "BR-Consult" expressed its readiness to assist BUCE in attracting one of the largest shareholders of the industrial park "Great Stone" - the Chinese corporation China Merchants Group - to the exchange trades. As expected, this will significantly increase the volume of sales of Belarusian goods to China using the BUCE site.

"We maintain close contacts with the leadership of the China Merchants Group and are ready to assist the corporation's entry into exchange trading as a broker. I am sure that Chinese partners will be interested in cooperation with the trading platform, which accumulates a wide range of goods in demand in China from leading Belarusian manufacturers. in turn, the exchange will be able to take advantage of the developed warehouse infrastructure and logistics capabilities of China Merchants Group," said Andrey Mitskevich, Director of UE BR-Consult.

Alexander Osmolovsky, Chairman of the Board of BUCE, emphasized the importance of the Chinese market as one of the key drivers of exchange Export growth and expressed interest in working in tandem with BR-Consult to attract China Merchants Group and other large Chinese companies to the auction. "Currently, 48 Chinese participants are accredited on our site, but mostly these are small and medium-sized businesses. The arrival of such a large player as China Merchants Group on the exchange would significantly expand our capabilities for the supply of Belarusian products to China. And this applies not only to sawn timber, but to almost the entire export product range, including rapeseed oil, dairy products, Meat, semi-finished leather products. Therefore, we certainly accept your proposal and are ready to join forces," the Head of BUCE said.

In addition to interaction to promote Belarusian exports, the parties also agreed to work out options for investment projects with the participation of BUCE in the field of transport, logistics, financial services and other promising areas related to exchange trading.

JSC "Belarusian Universal Commodity Exchange" was established in 2004. The first auction took place in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. The main function of the exchange is to assist Belarusian enterprises in exporting products and to help foreign companies enter the Belarusian market. The exchange sells metal, timber, agricultural products, industrial and consumer goods of a wide range.