Belarus’ commodity exchange simplifies access for Uzbek companies

Companies accredited on the Uzbek Commodity Exchange (UzEx) are now able to participate in exchange trading on the Belarusian Universal Commodity Exchange (BUCE) without paying a security deposit – a sum that new clients are generally required to deposit to ensure the execution of transactions and servicing contracts. The decision was made following a meeting of the BUCE board.

Additionally, a special information section has been created on the UzEx website, allowing Uzbek companies to review the export and import product lines available on BUCE, trading session schedules, daily price quotes, as well as order books for buy and sell bids. A similar section dedicated to UzEx has been launched on the BUCE website.

The legal framework for deepening cooperation between the two exchanges was established by the strategic partnership development agreement signed between BUCE and UzEx in February 2026. The document provides for mutual access of Belarusian and Uzbek enterprises to the exchange markets of both countries, information exchange, and the implementation of joint projects.

This marks a qualitatively new stage of cooperation between Belarus and Uzbekistan in the exchange trade.

“Essentially, we are moving from individual partnership projects and initiatives to the systemic integration of exchange markets.
This boosts trading liquidity, expands the circle of participants, and creates favorable conditions for increasing mutual trade, unlocking the export potential of our countries, and building long-term business ties.
It is a contribution to developing a common economic space and strengthening trade relations on a mutually beneficial basis,” Chairman of the BUCE Board Aleksandr Osmolovskiy noted.

“Exempting market participants from the requirement to pay a security deposit significantly reduces the financial burden on businesses, simplifies transaction procedures, and eliminates barriers for entrepreneurs entering the export-import commodity markets of both countries.
This decision will not only increase the speed of exchange operations and the volume of mutual trade, but will also strengthen trust between the business communities of Uzbekistan and Belarus, creating a reliable and effective platform for transparent joint trade,” Chairman of the UzEx Board Asadulla Kayumov emphasized.

To date, Uzbekistan ranks third in exchange trade among all countries represented on BUCE, with the transaction value growth rate standing at 129% compared to January–September 2025.
Currently, 307 Uzbek companies are accredited for trade, up by 55 since the beginning of the year. Two of these companies hold the status of exchange brokers.