The device of international trade

ISBN-13: 9786208711290 / Angielski / Miękka / 2025 / 128 str.

Boris Zalessky

Opis

Belarusian Universal Commodity Exchange OJSC was established in 2004. The first trades took place in June 2005, when Belarusian UE Bellesexport and Polish company International Paper Kwidzyn S.A. concluded the first exchange deal on the sale of balance timber worth $189 thousand. Today the Belarusian Universal Commodity Exchange (BUTB) is one of the largest commodity exchanges in Eastern Europe. The main function of the exchange is to assist Belarusian enterprises in exporting products and help foreign companies to enter the Belarusian market. The exchange sells metal, timber, agricultural products, industrial and consumer goods of a wide range. The success of the BUTB is evidenced by the figures. For example, in 2024 Belarusian exporters sold more than 180 thousand tons of dairy products through BUTB, which is almost nine times more than in 2023. Or such a fact: as of January 1, 2025, 247 Chinese residents were accredited at BUTB. In 2024, the volume of transactions of Chinese bidders amounted to almost 135 million dollars, which is 1.7 times more than in 2023. These and other positive trends of the Belarusian exchange floor will be discussed in the materials of this study.