Tweet
EXCHANGE TRADE BETWEEN BELARUSIAN, ARMENIAN BUSINESS TO RISE
Belarusian Telegraph Agency, Belarus
Oct 31 2013
30.10.2013 19:40
MINSK, 30 October (BelTA) - Belarusian and Armenian businessmen
intend to step up trade and economic cooperation through the wider
use of exchange instruments. The matter was discussed at the first
international forum of the Interexchange Electronic Union in Yerevan,
Armenia on 28-30 October, representatives of OAO Belarusian Universal
Commodity Exchange (BUCE) told BelTA.
The Belarusian Universal Commodity Exchange and the Yerevan Commodity
and Raw Material Exchange were the ones to organize the forum.
Representatives of Ukraine and Kazakhstan, which are also part of
the Interexchange Electronic Union, took part in the forum as well.
The exchange institutions of Belarus and Armenia are only making the
first steps in establishing mutual exchange trade. In particular,
Belarus intends to cooperate with Armenia in exporting forest and
timber products via exchange trade. The forum focused on the export
and import of commodities using exchange trade mechanisms in addition
to government purchases via digital auctions and the promotion of
interexchange cooperation.
Ambassador Extraordinary and Plenipotentiary of Belarus to Armenia
Stepan Sukhorenko remarked during the forum that the promotion
of interexchange cooperation will contribute to better quality
and quantity parameters of Belarusian-Armenian trade and economic
relations.
Many participants of the forum praised the key role of the Belarusian
Universal Commodity Exchange in establishing contacts between business
circles of several partnering states. In view of that Director General
of the Minsk branch of the Belarusian Chamber of Commerce and Industry
Alexander Fedorchuk stated that digital exchange is an important
tool for optimizing the processes involved in executing foreign trade
contracts. They preclude many technical barriers that can impede trade.
A business matchmaking session involving representatives of the
Belarusian Chamber of Commerce and Industry as well as businessmen
from Armenia, Kazakhstan, and Ukraine took place. Arrangements were
made that will become the foundation for vigorous cooperation between
the sides on mutually beneficial terms, noted the BUCE representatives.
The Interexchange Electronic Union was created in November 2010 by
the exchange institutions of Belarus, Armenia, Kazakhstan, and Ukraine.
Russia participates in the organization as an observer. The Union
is meant to assist international trade between companies in the
Commonwealth of Independent States and to increase export and import
contracts. Cooperation between participants of the Union is performed
via the common digital field International Trade, which reflects
information about commodities available for sale in an interactive way.
OAO Belarusian Universal Commodity Exchange was established in line
with Council of Ministers resolution No. 1719 of 30 December 2003.
BUCE facilitates trade in metal products, forestry products,
agricultural products, industrial and consumer goods, and futures. The
exchange trade system unites over 12,300 participants from 56
countries, including 2,600 non-residents.
Belarusian Telegraph Agency, Belarus
Oct 31 2013
30.10.2013 19:40
MINSK, 30 October (BelTA) - Belarusian and Armenian businessmen
intend to step up trade and economic cooperation through the wider
use of exchange instruments. The matter was discussed at the first
international forum of the Interexchange Electronic Union in Yerevan,
Armenia on 28-30 October, representatives of OAO Belarusian Universal
Commodity Exchange (BUCE) told BelTA.
The Belarusian Universal Commodity Exchange and the Yerevan Commodity
and Raw Material Exchange were the ones to organize the forum.
Representatives of Ukraine and Kazakhstan, which are also part of
the Interexchange Electronic Union, took part in the forum as well.
The exchange institutions of Belarus and Armenia are only making the
first steps in establishing mutual exchange trade. In particular,
Belarus intends to cooperate with Armenia in exporting forest and
timber products via exchange trade. The forum focused on the export
and import of commodities using exchange trade mechanisms in addition
to government purchases via digital auctions and the promotion of
interexchange cooperation.
Ambassador Extraordinary and Plenipotentiary of Belarus to Armenia
Stepan Sukhorenko remarked during the forum that the promotion
of interexchange cooperation will contribute to better quality
and quantity parameters of Belarusian-Armenian trade and economic
relations.
Many participants of the forum praised the key role of the Belarusian
Universal Commodity Exchange in establishing contacts between business
circles of several partnering states. In view of that Director General
of the Minsk branch of the Belarusian Chamber of Commerce and Industry
Alexander Fedorchuk stated that digital exchange is an important
tool for optimizing the processes involved in executing foreign trade
contracts. They preclude many technical barriers that can impede trade.
A business matchmaking session involving representatives of the
Belarusian Chamber of Commerce and Industry as well as businessmen
from Armenia, Kazakhstan, and Ukraine took place. Arrangements were
made that will become the foundation for vigorous cooperation between
the sides on mutually beneficial terms, noted the BUCE representatives.
The Interexchange Electronic Union was created in November 2010 by
the exchange institutions of Belarus, Armenia, Kazakhstan, and Ukraine.
Russia participates in the organization as an observer. The Union
is meant to assist international trade between companies in the
Commonwealth of Independent States and to increase export and import
contracts. Cooperation between participants of the Union is performed
via the common digital field International Trade, which reflects
information about commodities available for sale in an interactive way.
OAO Belarusian Universal Commodity Exchange was established in line
with Council of Ministers resolution No. 1719 of 30 December 2003.
BUCE facilitates trade in metal products, forestry products,
agricultural products, industrial and consumer goods, and futures. The
exchange trade system unites over 12,300 participants from 56
countries, including 2,600 non-residents.