List of the contracts subjected to registration at the State Commodity and Raw Materials Exchange is approved

The President of Turkmenistan signed the Resolution, having approved the List of Foreign and Internal Trade contracts, which are subjected to the registration at the State Commodity and Raw Materials Exchange.

According to the document, it is permitted to enter the contracts without participation in the exchange trades related to:

Sale of goods and production made in Turkmenistan by foreign trade houses established with participation of the government enterprises;

Export of the goods and production made by legal entities of non-governmental sector and private entrepreneurs as well as commodities (materials) purchased from legal entities of non-governmental sector, private entrepreneurs and population to the amount not exceeding 200 000 (two hundred thousand only) US dollars (or equivalent to this amount in national or any other foreign currency).

The document also assign the State Commodity and Raw Materials Exchange together with the Ministry of Justice to draft and present the proposals on amendments and addendums of National Legislation followed from this Resolution to the Cabinet of Ministers within one-month period.

Source: Turkmenistan: the Golden Age Online Newspaper