BUCE closes first transit transaction worth $354,000 between residents of China
<p> MINSK, Dec 14 - PrimePress. The Belarusian Universal Commodity Exchange (BUCE) on 14 December 2021 closed its first transit deal between the residents of China. A Hong Kong company sold 80 tons of beef worth $354,000 to a company from the mainland China, the BUCE press service said in a statement. </p> <p> </p> <p> The report says, in the past such deals have mainly been made by companies from Russia and the Baltic States for the purpose of hedging foreign trade risks. </p> <p> </p> <p> The BUCE refers to the happening as a new stage in the development of cooperation between Belarus and China in exchange trade, when it is not goods that are exported, but a service to secure a foreign trade contract. </p> <p> </p> <p> The Belarusian Universal Commodity Exchange (BUCE) was founded in 2004, the first trading took place on 2 June 2005. As of 1 October 2021, 26,878 companies (including clients of brokers), including 5.372 thousand non-residents from 67 countries, were accredited on the BUCE exchange. End </p> <p> </p> <p> As of 1 December 2021, 64 companies from China were accredited at the BUCE, which is twice as many as in 2020. Chinese customers mainly purchase via the BUCE exchange mechanism lumber, rapeseed oil and sugar, with major imports being steel pipes, rolled sheets and other ferrous metal products. End </p> <p> </p> <p> </p>
2021-12-15
Primepress
BUCE closes first transit transaction worth $354,000 between residents of China
MINSK, Dec 14 - PrimePress. The Belarusian Universal Commodity Exchange (BUCE) on 14 December 2021 closed its first transit deal between the residents of China. A Hong Kong company sold 80 tons of beef worth $354,000 to a company from the mainland China, the BUCE press service said in a statement.
The report says, in the past such deals have mainly been made by companies from Russia and the Baltic States for the purpose of hedging foreign trade risks.
The BUCE refers to the happening as a new stage in the development of cooperation between Belarus and China in exchange trade, when it is not goods that are exported, but a service to secure a foreign trade contract.
The Belarusian Universal Commodity Exchange (BUCE) was founded in 2004, the first trading took place on 2 June 2005. As of 1 October 2021, 26,878 companies (including clients of brokers), including 5.372 thousand non-residents from 67 countries, were accredited on the BUCE exchange. End
As of 1 December 2021, 64 companies from China were accredited at the BUCE, which is twice as many as in 2020. Chinese customers mainly purchase via the BUCE exchange mechanism lumber, rapeseed oil and sugar, with major imports being steel pipes, rolled sheets and other ferrous metal products. End