OREANDA-NEWS. On February 17-27, a delegation of the Belarusian Universal Commodity Exchange (BUCE) led by Arkady Salikov, Chairman of the BUCE's Board, made a business trip to the South African Republic (SAR) and Indonesia. The main goal of the visit was to enhance the existing business contacts and develop new promising areas of cooperation with foreign partners.

During their stay in SAR, the BUCE representatives held talks with the administration of Africa Union Holdings Pty Ltd. regarding the expansion of cooperation in a bid to create a joint regional electronic trading platform for consumer and industrial goods known as Africa Union Commodity House (AUCH) that will help increase the mutual trade turnover between the Republic of Belarus and the South African Republic. Following the talks, the sides agreed to merge the databases of BUCE and AUCH electronic trading platforms, which will allow boosting the volume of transactions with South African companies.

In addition, the BUCE delegation took part in the business matchmaking session with the representatives of SAR's biggest association of entrepreneurs - Black Business Council - in Capetown. Several members of this organization expressed interest in accreditation at the BUCE in order to do business with companies from Belarus and the Customs Union.

Indonesia became the next point on itinerary. Within the frames of the visit to this country the BUCE representatives participated in a regular session of the General Assembly and the 17th annual Conference of the Association of Futures Markets (AFM Conference).

A vote on the most pressing issues related to the development of this international organization was held, while the BUCE delegation arranged a presentation of the BUCE's capabilities in the field exchange and electronic trade management.

Apart from that, a workshop devoted to the BUCE activity took place. It brought together members of the Indonesian Chamber of Commerce, the Indonesian Association of Importers, Association of Exporters of Indonesia and the National Agency for Export Development. The Indonesian side was informed about the trading and bidding procedures applied at the BUCE as well as functional peculiarities of the electronic trading system for industrial and consumer goods.

Additionally, the BUCE experts held talks with the administration of the Indonesian Commodity Exchange and the Jakarta Stock Exchange. The sides explored possible avenues of cooperation in the exchange of commodity market data as well as joint efforts meant to attract new clients to the Indonesian stock exchanges and BUCE trading platforms.

Negotiations with the administration of the Agency on Regulation of the Commodity Futures Market of Indonesia proved quite effective too. In particular, they helped acquire detailed and up-to-date information about the organization and functioning of the futures market in South-East Asia. This knowledge will be used in future to improve the mechanisms for creating a similar market in the Republic of Belarus