BUCE and Russian Volgograd Oblast agree to increase trade volume
MINSK, September 30 (BelTA) – An agreement to develop cooperation in the trade of commodity exchanges between Belarus and the Volgograd oblast of Russia has been reached following negotiations between representatives of the Universal Stock Exchange Belarusian Commodities (BUCE) and the administration of Volgograd Oblast. The meeting took place on the sidelines of the Belarusian Industrial Innovation Forum, BUCE press secretary Roman Yaniv told BelTA.
According to the parties, companies in Volgograd, in particular small and medium-sized enterprises, do not fully use the potential of the exchange mechanism in their dealings with Belarusian business entities. One of the main reasons is the ignorance of the possibilities of the exchange platform. In this regard, the First Deputy Governor of the Volgograd Oblast, Alexander Dorzhdeev, expressed his readiness to help provide the region’s business community with information on BUCE tools and solutions through all communication channels. available, including with the support of the Volgograd Chamber of Commerce and Industry.
âWe are extremely interested in increasing mutual trade in commodities between our region and Belarus. The Belarusian Universal Commodity Exchange can become a great help for entrepreneurs in Volgograd who want to work in the Belarusian market. We are ready to use our resources and educate our business people on the benefits of trading commodity exchanges. We can start with the members of the Volgograd Chamber of Commerce and Industry, among whom I am sure many companies are ready to sell their products in Belarus, âsaid Alexander Dorzhdeev.
The initiative was also supported by Vadim Tkachenko, president of the Volgograd Chamber of Commerce and Industry, who was also present at the negotiations. âIt seems to me that foreign exchange trading will be interesting above all for small and medium-sized enterprises, as it not only provides direct contact with potential business partners in Belarus, but also minimizes the risk of default on foreign trade transactions. This is reason enough to be accredited on the exchange platform and participate in trading, âsaid Vadim Tkachenko.
The Chairman of the Board of the Belarusian Universal Commodity Exchange, Aleksandr Osmolovsky, stressed the importance of stepping up cooperation with small businesses and individual entrepreneurs who do not have their own distribution network. . He suggested helping them with product sales both in Belarus and in countries of the European Union, where BUCE has around 3,000 customers.
âToday our exchange is not just an electronic trading platform, but a full-fledged marketing tool that greatly facilitates foreign trade activities. A company from Volgograd Oblast only has to file an application in the exchange system, and we will form a pool of potential buyers for it as soon as possible, and not only in Belarus. By the way, it is actively used by individual entrepreneurs from the Bryansk, Pskov and Smolensk oblasts, who sell timber to the Baltic States through our platform. Last week, 21 transit deals with wood products were made during a trading session. Building materials, rapeseed oil, powdered milk and other goods produced in Russia are also actively sold. In this regard, the opportunities for the companies of Volgograd are wide â, underlined the person in charge of the BUCE.
Founded in 2004, the Belarusian Universal Commodities Exchange held its first trading session in June 2005. BUCE is one of the largest commodities exchanges in Eastern Europe. Its main function is to help Belarusian companies to export and foreign companies to enter the Belarusian market. BUCE markets a wide range of metal, forestry and agricultural products, as well as industrial and consumer goods.