MINSK, 18 November (BelTA) – Import and export of agricultural products and industrial goods have been identified as the most promising areas of cooperation in the trade sector between Belarus and the Xinjiang Uygur Autonomous Region of China , BelTA learned from the press service of Belarus. Belarusian Universal Commodity Exchange (BUCE).

The agreement on the organization of mutual trade in these product groups was reached following the meeting of BUCE representatives with a delegation of business circles from the Xinjiang Uygur Autonomous Region. The emphasis will be on attracting to the Belarusian exchange platform of enterprises of the Xinjiang Production and Construction Corps, which not only plays an important role in the economy of the Xinjiang Uygur Autonomous Region, but also makes a significant contribution to the development of Chinese exports. commercial potential in general. Negotiations were held with a number of large companies of the Xinjiang Production and Construction Corps interested in purchasing Belarusian meat, dairy products and rapeseed oil through BUCE.

Regarding imports, Belarus is seeking the possibility of selling industrial chemicals, work clothing and electronic devices produced in the Xinjiang Uygur Autonomous Region on the domestic market. The industrial and consumer goods exchange platform will be used for this purpose. It has been regularly used by Chinese manufacturers of spare parts and components for industrial equipment since 2024.

“In 2024, China ranked sixth in the number of companies accredited on the exchange and second in the volume of trade with Belarusian bidders,” the BUCE press service said. “The BUCE will continue its active cooperation with the Chinese regions. A similar approach is successfully applied in cooperation with Russia, which is currently represented on the stock exchange by more than 4,000 companies from 53 regions, while the amount of transactions amounted to almost $839 million over the past Last 10 months.

According to BUCE, as of November 1, 2024, a total of 234 Chinese residents, including three brokers, were accredited on the exchange. Between January and October 2024, the amount of foreign exchange transactions by Chinese participants doubled to $120 million.