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Law on trading activity enters into force in Turkmenistan

Turkmenistan Materials 8 April 2016 11:27 (UTC +04:00)
A law on trading activity determining trading activity’s legal, economic and organizational basis, as well as laying down the principles of government regulation, including in the areas of wholesale trade, retail and catering, has entered into force in Turkmenistan.
Law on trading activity enters into force in Turkmenistan

Ashgabat, Turkmenistan, Apr. 8

By Huseyn Hasanov- Trend:

A law on trading activity determining trading activity's legal, economic and organizational basis, as well as laying down the principles of government regulation, including in the areas of wholesale trade, retail and catering, has entered into force in Turkmenistan.

The law was ratified by the Turkmen parliament and was signed by the country's President Gurbanguly Berdimuhamedov. The Turkmen media published the law on Apr.7.

At the beginning of 2016, in one of the governmental meetings Turkmen president demanded to strengthen the fight against corruption, including in the sphere of trade, where a number of shortcomings and breakings of law were revealed. In particular, the work of the country's Ministry of Trade and Foreign Economic Relations and the State Commodity and Raw Materials Exchange were subjected to criticism.

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