Turkmenistan approves new procedure for conducting exchange trades

Business Materials 30 March 2020 15:04 (UTC +04:00)
Turkmenistan approves new procedure for conducting exchange trades

BAKU, Azerbaijan, March 30


Turkmenistan has approved new rules for conducting exchange trading for selling of its products abroad, Trend reports with reference to Turkmenistan.ru online newspaper.

The orders were signed by President of Turkmenistan Gurbanguly Berdimuhamedov at a government meeting.

A special Commission was established to control the sale of Turkmenistan's commercial products going for export.

The new measures became necessary due to the fact that the Ministry of textile industry of Turkmenistan and Turkmenhaly state association (deals with carpets) have become part of the export plan.

The new regulations will help to promote Turkmen textile and carpet products on foreign markets, as well as regulate related procedures.

The ministries and branch agencies, as well as the State commodity exchange are required to prepare and submit proposals to the Cabinet of Ministers within a month in conjunction with the Ministry of justice on amendments and additions to the legislation of Turkmenistan arising from this Resolution.