Exchange trade between Belarusian, Armenian business to rise

        Belarusian and Armenian businessmen intend to step up trade and economic cooperation through the wider use of exchange instruments. The matter was discussed at the first international forum of the Interexchange Electronic Union in Yerevan, Armenia. The Belarusian Universal Commodity Exchange and the Yerevan Commodity and Raw Material Exchange were the ones to organize the forum. Representatives of Ukraine and Kazakhstan, which are also part of the Interexchange Electronic Union, took part in the forum as well. The exchange institutions of Belarus and Armenia are only making the first steps in establishing mutual exchange trade.
       In particular, Belarus intends to cooperate with Armenia in exporting forest and timber products via exchange trade. The forum focused on the export and import of commodities using exchange trade mechanisms in addition to government purchases via digital auctions and the promotion of interexchange cooperation. Ambassador of Belarus to Armenia Stepan Sukhorenko remarked during the forum that the promotion of interexchange cooperation will contribute to better quality and quantity parameters of Belarusian-Armenian trade and economic relations.