BUCE, China National Forest Product Industry Corporation to expand cooperation

The China National Forest Product Industry Corporation intends to step up cooperation with the Belarusian Universal Commodity Exchange (BUCE). The corporation plans not only to buy more Belarusian sawn timber at exchange auctions, but also to sell China-made goods through the BUCE import substitution platform, head of the purchasing department of the company Li Yingtian said during the meeting with the BUCE management, BelTA learned from the BUCE press service.

The initiative of the Chinese side was fully upheld by First Deputy Chairman of the BUCE Board Eduard Belsky. He urged the Chinese corporation to get down to work as soon as possible and join the import substitution platform.

“Like any other electronic trading platform, our platform offers maximum effect only with a large number of buy and sell orders. In other words, the higher the supply and demand are, the greater the economic effect will be. The first thing you need to do is to fill the trading system with offers, and we will immediately start working with them, bringing potential buyers and conveying information about your products to the target audience. Practice shows that in this case the result will not be long in coming,” Eduard Belsky emphasized.

During the talks between BUCE and the Chinese corporation, the parties explored the possibility to intensify exchange trading in other commodity segments. As a result, an agreement was reached to consider importing Belarusian rapeseed oil and powdered milk to China as the most liquid commodity items. In this context, BUCE will consider accreditation of the corporation as a stock broker, which will allow it to bring companies from other economic sectors to BUCE.