Belarus and Kazakhstan enhance trade cooperation by expanding exchange trading. BUCE reports a 36% rise in Kazakhstani transactions, with key exports including timber, dairy, and metals.
Belarus and Kazakhstan are set to expand exchange trading to boost trade and economic ties by encouraging wider use of exchange instruments, according to BelTA.
At a Belarusian-Kazakh exchange seminar in Astana, organised by the Belarusian Universal Commodity Exchange (BUCE) with government and business representatives, discussions focused on integrating exchange mechanisms into foreign trade and increasing mutual trade. Over 50 Kazakhstani businesses attended, highlighting strong interest in the Belarusian exchange platform.
BUCE Chairman Aleksandr Osmolovsky noted that enhancing ties with Kazakhstan aligns with efforts to create a unified commodity exchange market in the Eurasian Economic Union. He emphasised the role of exchanges in pricing, export promotion, resource distribution, and competition.
Key trade priorities include expanding Belarusian exports of timber, feed additives, and dairy products, while increasing imports of Kazakhstani metal products, coal, and grains. Currently, 154 Kazakhstani companies are accredited with BUCE, with trade volumes rising 36% in early 2025.
Founded in 2004, BUCE is one of Eastern Europe’s largest commodity exchanges, supporting Belarusian exports and helping foreign businesses enter the Belarusian market.
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