Belarus and Mongolia commodity exchanges plan to cooperate in the agricultural sector

05/21/2024

BUCE and the Mongolian Commodity Exchange (MCE) intend to partner up in a bid to promote exchange trade in agricultural products. This topic was discussed during the online meeting between representatives of the two exchanges.

Belarus and Mongolia commodity exchanges plan to cooperate in the agricultural sector

Based on the range of commodities listed on BUCE and MCE, it makes most sense to export sugar and dairy products to Mongolia, while Belarus could benefit from importing raw materials for the textile industry – primarily wool and cashmere.

In conclusion of the talks, the sides agreed to arrange a visit of MCE delegation to BUCE head office later this year so that the Mongolian experts could get an in-depth look at how the Belarusian exchange market works as well as to develop a joint action plan within the specified areas of interest.

It is expected that a combination of resources, technologies and experience of the two exchange platforms will provide a new impetus to the trade and economic cooperation between Belarus and Mongolia.

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