Jakarta. Trade cooperation between Indonesian and Belarusian businesses has entered a new phase following the signing of a Memorandum of Understanding (MoU) between the Indonesia Commodity & Derivatives Exchange (ICDX), also known as Bursa Komoditi dan Derivatif Indonesia (BKDI), and the Belarus Universal Commodity Exchange (BUCE).

The MoU was signed on the sidelines of the Indonesia-Belarus Business Forum and Business Matching, organized by the Indonesian Chamber of Commerce and Industry (KADIN) in Jakarta on June 30, 2026. ICDX was represented by Director Troydon Miranda, while BUCE was represented by Aliaksandr Bashliy, Executive Assistant to the Chairman of the Board of BUCE.

Acting President Director of ICDX Nursalam said the agreement is intended to establish a long-term and mutually beneficial partnership between the two commodity exchanges.

"This MoU is designed to build long-term, mutually beneficial cooperation between ICDX and BUCE. We hope this signing will serve as the starting point for broader and more strategic collaboration in the future," Nursalam said in a written statement.

He added that the partnership extends beyond the development of ICDX itself and is expected to strengthen international business cooperation between Indonesian companies and their counterparts in Belarus.

"This cooperation is not only aimed at supporting ICDX's development, but also at fostering greater international collaboration between Indonesian businesses and Belarusian partners," he said.

Under the agreement, ICDX and BUCE will cooperate in several key areas, including developing trade and economic relations in wholesale commodity trading, identifying promising commodity groups for trading on both exchanges' electronic platforms, and exploring opportunities for bilateral cooperation through consultations on issues of mutual interest.

The partnership also covers the exchange of market information and analytical materials on commodity markets in Indonesia and Belarus, support for participation in international trade exhibitions in both countries, and the organization of joint activities, conferences, and training seminars involving Indonesian and Belarusian companies.

BUCE is the only commodity exchange in Belarus and one of the largest physical (spot) commodity exchanges in Eastern Europe. Established in 2004, the exchange operates an online trading platform that connects producers and buyers in both domestic and international markets.

Its platform facilitates transactions across a wide range of commodity groups, including forestry products, agricultural commodities, metals, industrial goods, and consumer products. In addition to serving the domestic market, BUCE has actively expanded its international trading network by engaging businesses from various countries, helping improve market access and enhance the efficiency of commodity trading.