BUCE held a workshop for Latvian companies

A workshop for the Baltic business community titled “What can be bought and sold via the Belarusian Universal Commodity Exchange? Guidelines for purchasing goods in Belarus” took place on March 15 as part of the international construction industry expo “House I - 2019” in Riga (Latvia). The event was organized by BUCE in cooperation with the Embassy of the Republic of Belarus in Latvia and the Investment and Development Agency of Latvia.

BUCE representatives on workshop

The participants of the workshop discussed a wide range of issues related to the use of BUCE’s electronic platforms in cross-border trade and looked into the ways of boosting the mutual turnover between Belarus and Baltic countries. The discussion was mainly focused on timber and industrial and consumer goods as the most promising commodities that could fuel the exchange trade in this region. Since the beginning of the year, sawn timber and wood chips to the tune of 85 mln USD have been exported via BUCE. For industrial and consumer goods, this figure exceeded 2.3 mln USD.

The agenda of the workshop also included B2B talks with CEOs of companies from Latvia, Lithuania and Estonia. Some of them expressed interest in becoming exchange traders either on their own or with the assistance of exchange brokers.

presentation on workshop

BUCE’s workshop for the Baltic business community has grown into an annual event. This time the majority of participants were “novice” companies with little or no experience in exchange trade but with serious intentions to explore the Belarusian market of timber, wood chips, metal products and industrial and consumer goods. The event also drew the attention of potential investors seeking to set up joint ventures and get involved in various manufacturing projects in Belarus.