Staking on performance
Peculiarities of economic ties between Belarus andAsian partners
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The Asian region is an unconditional priority for the Republic of Belarus, primarily as a capacious, promising and rapidly expanding market for Belarusian goods and services. For example, increasing supplies of Belarusian goods to Asian countries is one of the top priorities of the Belarusian Universal Commodity Exchange (BUCE). According to the results of 10 months of 2022 the export of domestic products through the Belarusian exchange platform to a number of Asian countries has increased significantly. The Chinese segment of electronic exchange trade has considerably increased in 2022, where...
The Asian region is an unconditional priority for the Republic of Belarus, primarily as a capacious, promising and rapidly expanding market for Belarusian goods and services. For example, increasing supplies of Belarusian goods to Asian countries is one of the top priorities of the Belarusian Universal Commodity Exchange (BUCE). According to the results of 10 months of 2022 the export of domestic products through the Belarusian exchange platform to a number of Asian countries has increased significantly. The Chinese segment of electronic exchange trade has considerably increased in 2022, where 103 Chinese companies have already been accredited on the BUCE as of November 1, 2022. There are also big plans with other countries on the Asian continent, including India, Pakistan, Turkey, and Mongolia. In particular, during the three quarters of 2022, 27 Turkish companies were accredited to the exchange. And in January 2023 the first company from Mongolia was accredited to participate in trading on the exchange. This means that the geography of Belarusian exchange trading in Asia has further expanded. How the Belarusian Universal Commodity Exchange interacts with these and other partners in Asia is discussed in this study.
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