Turkmenistan Approves New List of Goods Subject to Customs Duties

BUSINESS TURKMENISTAN
Turkmenistan Approves New List of Goods Subject to Customs Duties
A list of certain goods subject to customs duties for import into the territory of the country and the size of the duties was approved.

President of Turkmenistan Gurbanguly Berdimuhamedov signed a Decree on Friday approving a list of certain goods subject to customs duties for import into the territory of the country and the size of the duties.

The approved document also listed certain goods subject to customs duties for export from the territory of the country and the size of the duties.

The document enters into force on March 1, 2020.

The document was signed in order to stimulate domestic producers, protect their interests and increase the competitiveness of their products, as well as optimize trade turnover.

With the changes arising from the Decree, the Ministry of Finance and Economics, the State Customs Service are instructed to jointly with the Ministry of Justice prepare and submit to the Cabinet of Ministers proposals on amending legislation of Turkmenistan within a month.