Turkmenistan, Ashgabat, Sept. 12 / Trend H.Hasanov /
Turkmen President Gurbanguly Berdimuhamedov at the Cabinet meeting highlighted the need to strengthen ties with foreign exchanges and the chambers of commerce and industry, an official Turkmen source said on Wednesday.
The State Commodity and Raw Materials Exchange of Turkmenistan for the first eight months of this year held 99 auctions. Compared with the corresponding period last year, the amount of export transactions concluded increased by 33.5 percent, imports - by 37.2 percent. Profit for January-August 2012 increased by 21.8 percent.
Traditional participants of auctions, which exhibit products of oil and cotton, are the representatives of Azerbaijan, Great Britain, Russia, China, Turkey, Switzerland, Liechtenstein, Denmark, Kazakhstan and others.
National Commodity Exchange is a principal organ of state regulation of export-import operations.
Turkmen leader also drew attention to the further development of the country's small and medium business and increase in its technological capabilities, the creation of the innovative import-substituting productions.