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Belarus, Kazakhstan to boost bilateral exchange trade
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MINSK, 19 November (BelTA) – The Belarusian Universal Commodity Exchange (BUCE) and the QazTrade Center for Trade Policy Development have signed a cooperation agreement to advance exchange trade between Belarus and Kazakhstan and boost trade and economic ties between business entities of the two countries. The document was signed during a visit to BUCE by Minister of Trade and Integration of Kazakhstan Arman Shakkaliyev, the BUCE press service told BelTA.
The partnership between BUCE and QazTrade is expected to consolidate the efforts to create favorable conditions for participants in foreign trade activities of Belarus and Kazakhstan, contributing to the growth of mutual trade, intensification of business contacts, and wider application of the exchange mechanism in exports and imports.
“We actively cooperate with Russia’s regional export support centers. In collaboration with them, we hold various training and educational events aimed at attracting small and medium-sized businesses to trading. The result of this work is an increase in transaction volumes and the number of users of the exchange platform. I have no doubt that cooperation with QazTrade will be just as effective and will help bring exchange trade between Belarus and Kazakhstan to a higher level,” Chairman of the BUCE Board Aleksandr Osmolovsky emphasized.
BUCE data shows that in January-October 2025, transactions by Kazakh residents reached $34 million, up 19% compared to the same period in 2024. Agricultural products dominated the exchange trade, accounting for 95% of its value. Belarus supplied dry milk, sugar, butter, meat products, and timber to the Kazakh market. In turn, Kazakh enterprises sold rolled tubular products, cable and wire products, industrial equipment, and consumer goods on the Belarusian exchange platform.
In 2025, 48 new Kazakh companies were accredited on BUCE, bringing the total number of Kazakh residents among the exchange’s clients to 194, one of which holds the status of an exchange broker.
The public joint-stock company (OAO) Belarusian Universal Commodity Exchange was established in 2004, with its first trading session conducted in June 2005. BUCE is one of the largest mercantile exchanges in Eastern Europe. Its key function is to assist Belarusian companies with exporting their products and assist foreign companies with entering the Belarusian market. The commodity exchange facilitates trade in metals, timber, agricultural products, and a broad choice of industrial and consumer goods.
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