BUCE: agricultural products accounted for 95% of exchange trade turnover between Belarus and Switzerland

Rapeseed oil.

July 25, MINSK. Agricultural products accounted for 95% of the exchange trade between Belarus and Switzerland. Alexander Osmolovsky, Chairman of the Board of the Belarusian Universal Commodity Exchange, said this during a meeting with the Honorary Consul of Belarus in Switzerland Hermann Beyeler, BelTA learned from the press service of the BUCE.

In the first half of 2022, agricultural products accounted for over 95% of the exchange trade between Belarus and Switzerland, which is a net importer of Belarusian goods, since all 16 Swiss companies accredited on the Belarusian Universal Commodity Exchange act at auction exclusively as buyers. “In January-June of this year, the amount of transactions made by Swiss companies on the stock exchange amounted to about $6 million. Of these, more than $5 million came from the EXPORT of Belarusian rapeseed oil and wet blue leather. This indicates a high demand for agricultural products in the Swiss market and a significant potential for deepening cooperation in this area. And not only rapeseed oil, but also other equally liquid positions, such as dryMILK and whey, bovine MEAT, beet molasses. All the leading manufacturers of these goods are concentrated on the exchange, most of which are certified for deliveries to Europe. Moreover, even if some desired product is not available in the trading system, it is enough to place a purchase order - and we will select a pool of suppliers. That is, the stock exchange today is not just a trading platform, but also a marketing tool that simplifies doing business within the country and abroad,” Alexander Osmolovsky emphasized.

According to Hermann Beyeler, agricultural products are far from the only group of Belarusian goods that are in demand in Switzerland. In particular, before the introduction of sanctions restrictions, one of the companies owned by the businessman successfully purchased lumber on the exchange, and now it is actively working on other commodity areas in order to resume participation in the auction. Hermann Beyeler is confident that exchange trade between Belarus and Switzerland will develop dynamically, despite temporary difficulties and artificially created barriers, and he, as a conductor of the interests of Belarusian business in Switzerland and Swiss business in Belarus, will do everything to promote this.