EEU plans to create common commodity exchange market by 2025
<p> MINSK, Sep 30 - PrimePress. The Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) plans to create a common exchange market of goods by 2025, the press service of the Eurasian Economic Commission (EEC) reports. </p> <p> </p> <p> According to Sergey Glazyev, EEC Minister of Integration and Macroeconomics, there are four tasks to be solved for this purpose: develop approaches to the formation of a common exchange market of EEU goods, including the market of financial derivatives, underlying asset of which is a commodity; establish on-exchange and over-the-counter price indicators; determine a list of goods that are appropriate to sell via the EEU exchange mechanism; and also develop a programme for the development of exchange trade in commodities, which is to be approved by 31 December 2024. </p> <p> </p> <p> In Belarus, trade in goods is carried out by the Belarusian Universal Commodity Exchange. The exchange was established in 2004, the first trading took place on 2 June 2005. As of 1 September 2021, 26,664 companies (including clients of brokers), including 5,329 non-residents, were awarded BUCE accreditation. End </p>
2021-10-01
Primepress
EEU plans to create common commodity exchange market by 2025
MINSK, Sep 30 - PrimePress. The Eurasian Economic Union (EEU - Armenia, Belarus, Kazakhstan, Kyrgyzstan, Russia) plans to create a common exchange market of goods by 2025, the press service of the Eurasian Economic Commission (EEC) reports.
According to Sergey Glazyev, EEC Minister of Integration and Macroeconomics, there are four tasks to be solved for this purpose: develop approaches to the formation of a common exchange market of EEU goods, including the market of financial derivatives, underlying asset of which is a commodity; establish on-exchange and over-the-counter price indicators; determine a list of goods that are appropriate to sell via the EEU exchange mechanism; and also develop a programme for the development of exchange trade in commodities, which is to be approved by 31 December 2024.
In Belarus, trade in goods is carried out by the Belarusian Universal Commodity Exchange. The exchange was established in 2004, the first trading took place on 2 June 2005. As of 1 September 2021, 26,664 companies (including clients of brokers), including 5,329 non-residents, were awarded BUCE accreditation. End