Issues of trade and economic interaction, building up business ties and increasing mutual trade turnover between Turkmenistan and Uzbekistan were discussed at a meeting between Ambassador Shadurdy Meredov and Deputy Chairman of the Board of the Uzbek Republican Commodity and Raw Materials Exchange Nabikhon Samatov.

A presentation of the exchange’s trading platform, which is currently the largest trading platform in Central Asia, was held for the Turkmen diplomat.

UzRTSB JSC, operating on the basis of an electronic exchange trading system, plays a significant role in ensuring equal access of national and foreign companies to highly liquid commodity assets produced in the republic, such as ferrous and non-ferrous metals, petroleum products, cotton fiber and cotton processing products, mineral fertilizers, sugar, wheat flour, grain and much more.

UzRTSB has its trading platforms in Kazakhstan, Kyrgyzstan, Russia, Belarus, China, Turkey, UAE and other countries. The main goal of opening new foreign trading platforms is to facilitate mutual access for entrepreneurs and commodity producers to the commodity markets of Uzbekistan and other countries using the capabilities of the market mechanism of exchange trading.

The Uzbek Republican Commodity and Raw Materials Exchange and the State Commodity and Raw Materials Exchange of Turkmenistan signed a Cooperation Agreement in 2013 in Tashkent in order to establish the closest relations between business structures of the states.

ORIENT news