On June 12-19, 2012 the working group of Belarusian Universal Commodity Exchange OJSC headed by the Chairman of the Board A. Salikov visited Brazil.

Within the framework of the visit representatives of the Brazilian business community were introduced to the presentation of BUCE’s trading platforms that are considered for use as the real possibility to increase volumes of bilateral trade between the Republic of Belarus and the Federative Republic of Brazil.

With the view of reaching maximum efficiency in positioning the exchange commodity market of the Republic of Belarus in Latin America the talks were held with the Consul General of the Republic of Belarus in the Federative Republic of Brazil S. Gurevskiy with respect to setting up interaction in sharing information analyses product with the Brazilian companies that are interested in implementation of trade and procurement transactions with Belarusian economic entities.

Besides, during the visit BUCE delegation set up business contacts with the Exchange of food stuffs of Rio de Janeiro State and had a meeting with the heads of the largest exchange in Latin America – BM&FBOVESPA of Sao Paulo where they discussed issues of arranging co-operation between the two exchanges regarding the implementation of the futures commodity exchange in the Republic of Belarus and analytical and marketing information exchange. As a result of the talks BUCE and BM&FBOVESPA agreed on organizing a reciprocal visit of BM&FBOVESPA representatives to BUCE in the course of 2012 to determine perspective commodities for the markets of the Republic of Belarus and the Federative Republic of Brazil and to bring the parties’ clients in the mutual trade.