BAKU, Azerbaijan, April 16. The Belarusian Universal Commodity Exchange (BUCE) aims to develop trade with Turkmenistan, Head for Exchange's Foreign Relations Alexander Bashliy told Trend.
"The trade exchange between Belarus and Turkmenistan will be developed using the same ideas and technologies that have proven effective in other markets. In particular, we discuss hosting exchange seminars and webinars, round tables and conferences with the involvement of representatives of Belarusian and Turkmen businesses," he noted.
According to him, the highest efficiency is usually provided by joint events organized with the support of industry associations of business circles.
"Therefore, an agreement has already been reached on cooperation with the Chamber of Commerce and Industry of Turkmenistan, which expressed its readiness to assist in informing Turkmen business entities about the possibilities and advantages of the exchange mechanism," Bashliy said.
Furthermore, the representative of the exchange stressed that the issue of accreditation of a stockbroker in Turkmenistan is also being worked out, which will become a link between the Belarusian exchange and local enterprises, helping them to participate in auctions, settle transactions and provide logistics.
Meanwhile, at the end of March, a delegation from the Belarusian Universal Commodity Exchange's Department of Foreign Relations visited Ashgabat, where plans were announced to increase trade with Turkmenistan this year by realizing the exchange site's export potential, which is primarily due to lumber, dairy products, and sugar.
A number of meetings were held with potential importers of the timber industry and Turkmen food sector firms during the tour, which was coordinated by the Minsk branch of the Belarusian Chamber of Commerce and Industry in collaboration with the Embassy of Belarus in Turkmenistan.