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BUCE and Soycan Group identified near-term cooperation priorities

07/27/2017

On July, 26 BUCE head office played host to a meeting of BUCE administration and BUCE’s broker in Turkey – Soycan Group. The sides discussed interplay between Soycan Group and BUCE business units and set cooperation priorities for the near future. In particular, the project to buy Belarusian timber via the exchange and then sell it in Turkey and neighboring countries is currently in the pipeline.

представители Soycan Group на встрече с руководством БУТБ

According to Yilmaz Soycan, Chairman of the Board at Sarpedon Global Trading (member of Soycan Group), their marking team had carefully studied the demand for the Belarusian sawn timber in Turkey, Iran, and Iraq and already established contacts with some of the major buyers of these commodities. In addition, Soycan Group’s market survey revealed that metal products and coal are also highly sought after commodity items. This said, talks are now in progress with several companies from Turkey and Egypt willing to purchase these goods via BUCE. Furthermore, to bring down transportation costs, the sides are planning to employ BUCE’s exchange logistics mechanism and involve Soycan Group’s partners in Ukraine and Romania.

ход встречи руководства БУТБ с представителями Soycan Group

In his turn, Arkadiy Salikov, BUCE Chairman, emphasized that the exchange is ready to assist the Turkish broker and its clients with their dealings with Belarusian enterprises. Mr. Salikov also believes that it is crucial to ensure synergy between BUCE and Soycan Group, share information on a regular basis, and elaborate a joint strategy for promotion of exchange services in Belarus and Turkey. As a first practical step, BUCE and Soycan Group intend to arrange a promo-tour across Turkey’s main industrial cities in a bid to inform the Turkish business community about the vast potential of exchange trade and convince new companies to try out the exchange mechanism.

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