The potential of the exchange mechanism
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The results of the Belarusian Universal Commodity Exchange in 2021 showed that the application of the exchange mechanism increasingly contributes both to the creation of equal and competitive conditions for doing business within the country, as well as to the increase in effective procurement, the expansion of markets for Belarusian products. We would remind that by the end of 2021 more than 27,5 thousand economic entities from 69 countries had already been registered on the BUCE. At the same time the geography of new participants of trading sessions continued to expand steadily. The main task...
The results of the Belarusian Universal Commodity Exchange in 2021 showed that the application of the exchange mechanism increasingly contributes both to the creation of equal and competitive conditions for doing business within the country, as well as to the increase in effective procurement, the expansion of markets for Belarusian products. We would remind that by the end of 2021 more than 27,5 thousand economic entities from 69 countries had already been registered on the BUCE. At the same time the geography of new participants of trading sessions continued to expand steadily. The main task of the exchange in 2022 is to help domestic enterprises to promote their goods for export. For this purpose it is necessary to pay special attention to realization of exchange platform potential in the sphere of foreign trade. First of all, it is the diversification of exports of Belarusian goods with a focus on the People's Republic of China and other Asian countries. For example, in the first half of the year 2022 the Belarusian-Chinese exchange turnover exceeded 40 million dollars, which is 1.5 times more than during the same period last year. How Belarus is currently addressing this challenge is discussed in the materials of the proposed study.
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