MINSK, June 23 (BelTA) — The first agreements on the delivery of L-lysine sulfate produced by the National Biotechnology Company of Belarus (BNBC) to Bashkortostan have been concluded on the Belarusian Universal Commodity Exchange (BUCE), Eduard Belsky, First Deputy Chairman of the Board of Directors of the Belarusian Universal Commodity Exchange said during an online seminar on the exchange trade of agro-industrial products, BelTA learned from the press service of BUCE .
“Increasing the volume of trade with Russian regions is one of the priorities of BUCE’s foreign trade policy. Today, BUCE is actively developing cooperation with enterprises in the Leningrad, Moscow, Smolensk, Bryansk, Volgograd, Pskov, Kaliningrad and Chelyabinsk regions, as well as with business circles in the Altai and Krasnodar territories. As for Bashkortostan, practical interaction with this region began with the visit of a business delegation to BUCE in December 2022. Afterwards, more than 70 companies from the region got acquainted with the capabilities of the Belarusian exchange platform” , said Eduard Belsky.
Representatives of BUCE then joined the working group for trade and economic cooperation between Belarus and Bashkortostan and participated in its meeting in Ufa in May 2022. In addition, a series of webinars were organized following which four companies from Bashkortostan have been accredited to the stock exchange. “These are the companies that made the first transactions to buy BNBC products during trading sessions on the exchange. We expect that in the future, the volume of sales will increase and the range of products purchased will expand,” the BUCE representative said.
The webinar brought together representatives of the Ministry of Agriculture of Bashkortostan and heads of 24 regional enterprises specializing in the production, sale and purchase of agricultural products. The participants discussed the prospects of involving Bashkortostan enterprises in the work of the import substitution platform operating in BUCE. Companies from other Russian regions have already traded on this exchange platform and concluded not only traditional export-import agreements, but also transit contracts, when both the seller and the buyer are residents of the Federation from Russia.
Founded in 2004, the Belarusian Universal Commodity Exchange held its first trading session in June 2005. BUCE is one of the largest commodity exchanges in Eastern Europe. Its main function is to help Belarusian companies to export and foreign companies to enter the Belarusian market. BUCE sells a wide range of metal, forestry and agricultural products, industrial and consumer goods.