Preparing to revise the legislature concerning stock market operations within Belarus.
Belarus Proposes Draft Amendment to Establish National System of Exchange Indices
The Ministry of Antimonopoly Regulation and Trade in Belarus has proposed a draft amendment aimed at creating a national system of exchange indices for commodity markets. This draft, currently open for public discussion, envisions establishing official exchange indices that would standardize price benchmarks and improve transparency in commodity trading in Belarus.
The proposed amendment aims to enhance market transparency and efficiency by serving as authoritative reference prices, helping traders and market participants to make informed decisions based on reliable and standardized data. By providing clear indices, the amendment could encourage more active trading on Belarusian commodity markets and reduce reliance on foreign benchmarks.
Another important innovation is the establishment of fundamental principles of exchange activities, with the aim of stimulating healthy competition. The principles also aim to ensure the protection of the rights of all market participants. The new mechanism will allow exchanges to independently calculate objective price benchmarks for strategically important commodities, such as agricultural products and construction materials.
The participation of exchanges will extend beyond the domestic market, as they will be given a new task - participation in the implementation of international agreements. This will allow for the development of a unified exchange area with partners in the Union State, EAEU, SCO, and BRICS.
The public is invited to participate in the discussion of the draft law, which will take place from August 12 to 22, 2025, on the Legal Forum of Belarus. The discussion will occur in a special topic dedicated to the draft amendment.
This initiative reflects broader trends where governments seek to strengthen domestic market infrastructure to foster competitive and transparent trading environments. However, the detailed provisions and the exact scope of the amendment, including the technical framework for index calculation and governance, are subject to further clarification and finalization before parliamentary submission in 2025.
The proposal has become particularly relevant after the introduction of sanctions against Belarus, as many international news agencies stopped providing data on domestic goods. The new system of exchange indices may bolster the export potential of Belarusian commodities by aligning local prices with international standards.
The bill introduces a definition of the term "exchange price index" and aims to replace foreign price indicators for the Belarusian market. The new mechanism is designed to provide a more independent and self-sustaining market for Belarusian commodities. The implications of this proposed amendment for commodity markets could be significant, as it seeks to promote fair competition, improve regulatory oversight, and stimulate the development of local commodity exchanges.
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