Ark Packaging Solutions became the first company from India accredited on BUCE thus expanding the list of countries using the Belarusian exchange platform to 70. The last time the list was updated in December 2021 when the first company from Pakistan joined the exchange. According to BUCE press service, the customer base hasn’t grown that fast in years.

“All in all, over 5.5 thousand foreign companies operate on our platform. In 2021, the top ten buyers of Belarusian goods were Lithuania, Germany, Latvia, Estonia, Russia, Poland, the Netherlands, the UK, Slovakia, and China. The European Union mainly imported lumber, fuel pellets, rapeseed oil, sugar beet pulp, and molasses. The UK bought lumber, wooden poles, and “wet blue” leather. Milk powder, butter, cheese, and oilseed products were exported to Russia, while Chinese companies purchased Belarusian lumber, rapeseed oil, and sugar. Sure enough, this year we intend to continue expanding the geography of partners in view of BUCE's growing authority as an international trading platform. Last year alone, we accredited companies from five new countries: Brazil, Gibraltar, Pakistan, the Republic of Korea, and Japan. The accreditation of the first company from India is the result of our efforts to gain a firm foothold in Southeast Asia. The strategic goal is to diversify exports of Belarusian products as much as possible with the focus on the far-off countries,” BUCE press service said.

For reference
Ark Packaging Solutions was established in 2010 by Mr. Abhinav Gupta, graduate from the University of Manchester with specialization in marketing and management of textiles. In 2019, he joined forces with Foreign Trade Agency, which is a family business involved in the textile raw materials industry since 1943. At the moment, Ark Packaging Solutions imports textile raw materials from various parts of the world and sells them to customers in India through the Foreign Trade Agency. The company’s main interest in Belarus are acrylic fiber and acrylonitrile that will be bought via BUCE.