CMCB will help BUCE source Chinese participants for its import substitution marketplace

07/19/2022

China Merchants CHN-BLR Commerce and Logistics Company (CMCB), which is part of the China Merchants Group Corporation, will assist in attracting suppliers and buyers from China to BUCE's electronic import substitution marketplace. This agreement was reached during the visit of CMCB representatives to BUCE head office. Furthermore, in order to optimize logistics costs, CMCB will team up with BUCE to explore alternative routes for delivery of Belarusian goods purchased through BUCE to China. This will be done within the frames of the memorandum of cooperation signed by BUCE and CMCB in April 2022, which provides for joint activities in the field of transport and trade logistics.

According to CMCB representatives, the gradual relaxation of COVID-19 restrictions in China will help intensify business contacts between Belarusian and Chinese companies, including the trade in import-substituting goods. The analysis of purchase orders available on BUCE’s import substitution marketplace suggests that this area of cooperation holds a lot of promise.

“When filling out the purchased order form, many Belarusian enterprises indicate China in the “country of origin” column. This is most common for such commodity groups as electrical and communications equipment, as well as component parts and materials for the manufacturing industry. So far, only a few suppliers of import-substituting products from China use the exchange platform, however, their numbers may increase in the near future, as Chinese companies that already buy and sell other commodities on BUCE will start using the import substitution marketplace as well,” BUCE press service informed.

As far as logistics is concerned, despite the inaccessibility of traditional transport corridors, the delivery of goods from Belarus to China and back is carried out as usual. Of course, the lengthening of the routes increased the cost and time of transportation, but, according to CMCB representatives, most market participants have already adapted to the new conditions and do not see any serious problems here.

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The policy with which the user agrees by submitting their contact information through the feedback form on the official website of the Belarusian Universal Commodity Exchange.

Personal data processing policy

1. Personal data processing policy (hereinafter – Policy) regulates the legal relationship between the Belarusian Universal Commodity Exchange (hereinafter – BUCE) and the User (a capable individual aged 18 and above who wants to order services or leave feedback) regarding personal data processing. Personal data means any information related directly or indirectly to a specific or identifiable individual (citizen). Personal data processing means any action (operation) or a set of actions (operations) with personal data performed using automation tools or without them. Such actions (operations) include but are not limited to: collection, receipt, recording, systematization, accumulation, storage, clarification (updating, editing), extraction, use, transfer (distribution, provision, access), depersonalization, blocking, deletion, and destruction of personal data.

2. The User agrees to this Policy by entering their e-mail address and phone number in special fields in the feedback request form available on the BUCE website and then clicking the “Submit” button. When performing these actions, the User sends BUCE their e-mail address and phone number for further communication purposes.

3. By providing their personal data, the User agrees to have these data processed (until the User decides to withdraw their consent to processing of such data) in order to provide the User with advertising and reference information as well as other purposes in accordance with clause 4 of this Policy. When processing personal data, BUCE shall act in compliance with the Law of the Republic of Belarus of November 10, 2008 No. 455-3 “On Information, Informatization and Information Protection” taking into account the provisions of the General Data Protection Regulation of the European Union of April 27, 2016, the Law Of the Republic of Belarus of May 10, 2007 No. 225-3 “On Advertising” as well as local regulatory documents.

4. If the User wishes to amend personal in cases when such data are incomplete, inaccurate or irrelevant, or wants to revoke their consent to personal data processing, the User must submit an official request to BUCE: a letter with the subject “Amend personal data” or “Stop processing personal data” to the email address uc@ecp.by. The letter must include the User’s email address and the corresponding request.

5. BUCE uses the data provided by the User for the following purposes:

5.1. further communication with the User;

5.2. advertising and awareness raising activities;

5.3. promotion of goods and services;

5.4. surveying and polling;

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10. When processing personal data, BUCE takes necessary and sufficient organizational and technical measures to protect personal data from unauthorized access as well as any other actions of illegal nature.

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