Business news

First Jordan company accredited at BUCE

MINSK, 29 January (BelTA) — The first company from Jordan, Al Essami Co. For Investment and Trade Ltd., has been accredited at Belarusian Universal Commodity Exchange (BUCE), BelTA has learned from BUCE.

The company plans to buy a wide range of Belarusian timber products via the exchange and ship it to Jordan and other Middle East countries.

According to company’s General Manager Yahia Al Saidi, purchasing timber via the BUCE e-trading platform directly from producers will help lower the cost for consumers.

“We have made a name for ourselves as a supplier of high quality timber products that is why quality control of raw materials has always been important to us,” Yahia Al Saidi said. According to him, Belarusian lumber products comply with the standards. As BUCE sells products without intermediaries, the company will obtain competitive and high-demand products at reasonable prices even with account of shipping expenses. Yahia Al Saidi added that Al Essami Co. is a big player on Jordan’s timber market and its cooperation with BUCE will promote trade between Belarus and Jordan.

“The Jordan businessman commended the measures BUCE takes to enforce fulfillment of obligations on transactions and noted that minimization of foreign trade risks is one of the main advantages of the BUCE mechanism,” the BUCE press service said. Not only the logistics infrastructure of Al Essami Co. but also BUCE network of accredited storages may be used to supply timber products to Middle East countries.

Presently, over 4,100 foreign companies from 61 countries have been accredited at Belarusian Universal Commodity Exchange.

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