Turkmenistan Approves New Procedure for Conducting Exchange Trading

BUSINESS TURKMENISTAN
Turkmenistan Approves New Procedure for Conducting Exchange Trading
Turkmen President emphasized the importance of modernizing organizational approaches in the work of the State Commodity and Raw Materials Exchange, which is the main regulatory body for export-import operations in the country.

Turkmenistan approved the new version of the Procedure for conducting exchange trading.

During the meeting of the Cabinet of Ministers of Turkmenistan on Friday, the Deputy Chairman of the Cabinet of Ministers Chary Gylyjov presented to the President Gurbanguly Berdimuhamedov the new version of the Procedure for conducting exchange trading on the sale of products of the oil and gas industry, agricultural and industrial communication complexes abroad.

Turkmen President emphasized the importance of modernizing organizational approaches in the work of the State Commodity and Raw Materials Exchange, which is the main regulatory body for export-import operations in the country.

The Head of State approved the draft document and signed the relevant Resolution, approving the new procedure for conducting exchange trading.

The new procedure is aimed at diversifying sales markets, streamlining rules for concluding deals, creating conditions for e-trading, improving control over business processes, creating favorable prices for goods and increasing export volumes.

With the changes arising from the Decree, the oil and gas industry, the agricultural, industrial and communication complexes of Turkmenistan, in collaboration with the relevant ministries and industry departments, the State Commodity and Raw Materials Exchange and the Ministry of Justice, are instructed to prepare and submit to the Cabinet of Ministers proposals on amending legislation of Turkmenistan within a month.