On 24-29 October, 2011 working group of Belarusian Universal Commodity Exchange OJSC (BUCE) visited South Africa and took part in the II meeting of the Intergovernmental Committee on Trade and Economic Co-operation between theRepublic of Belarus and the Republic of South Africa and also held series of meetings with representatives of South African business community.
On the meeting of the Committee BUCE’s trading platforms were presented as the real possibility to increase turnover between Belarus and South Africa.
During the visit BUCE’s Chairman of the Board Arkady Salikov and CEO of South African company Africa Union Holdings Pty Ltd James Ndambo signed a number of agreements on providing accreditation services at BUCE to participants of exchange trade from Central and Southern Africa as well as establishing regional commodity exchange with support of BUCE in order to consolidate parties’ databases and provide their clients with the possibility to enter markets of Belarus (Customs Union of Belarus, Kazakhstan and Russia) and South Africa (Southern Africa Customs Union) by using instruments of electronic and exchange trade. The official signing of the agreements was attended by Deputy Minister of Foreign Affairs of theRepublic of Belarus Sergei Aleinik, Charge d'Affaires a.i. of the Republic of Belarus in theRepublic of South Africa Andrei Rzheussky and representatives of the Ministry of Foreign Affairs of the Republic of Belarus.
In addition, meeting with management of commodity direction of the Johannesburg Stock Exchange (JSE) was held during which issues of interbourse co-operation within Association of Future Markets and perspective commodities for trading in markets of the Republic of Belarus and the Republic of South Africa were discussed. Following the results of negotiations, BUCE and JSE agreed to conclude an agreement on information co-operation which will also help to organize mutual trade between parties’ customers.