STATE COMMODITY & RAW MATERIALS EXCHANGE OF TURKMENISTAN
The Exchange is one of the most important
domestic economic institutions to date and acts
as the main body for import and export
operations in the country as well as a
governmental regulator.
HISTORY AND DEVELOPMENT
The State Commodity and Raw Materials
Exchange of Turkmenistan (SC&RME) was
created by decree of the President of
Turkmenistan - Saparmurat Turkmenbashi - in
1994. The Exchange is one of the most
important domestic economic institutions to
date and acts as the main body for import and
export operations in the country as well as a
governmental regulator.
There are many indicators of activity regarding
the Exchange. These figures are indicative of
the favorable political and economic situation in
Turkmenistan, its rich natural resources, and of
utmost importance, the reliability and stability of
state organizational structures to attract
business from all over the world. The State
Commodity and Raw Materials Exchange of
Turkmenistan has relationships with more than
21 countries.
FUTURE OUTLOOK
Businesspeople from Turkey, Moldova, China,
Russia, the USA, Germany, Great Britain, the
UAE and the Ukraine among others, buy oil
products, liquefied gas, cotton fiber, stockinet,
cotton yarn, handmade Turkmen carpets, hides
and knitwear from Turkmenistan.
An information and analytical system was
created for the SC&RME to enable direct
operational control of contract execution as well
as for information retrieval. The InfoBase
database will be developed to allow the retrieval
of world quotations on significant commodities
in real time and to facilitate potential marketing
outlets for domestic commodity production.
2004 HOLIDAY CALENDAR
Jan. 1, 12; Feb. 19; Mar. 20, 21, 22; May 9, 18; Oct. 6, 27, 28; Dec. 12
FEDERATION OF EURO-ASIAN STOCK EXCHANGES YEARBOOK 2003/2004
PAGE 80
The following plans are currently underway:
• further development of external economic
links with foreign trade companies;
• streamlining the uses of PR companies and
the services they provide in terms of mass
media disclosure;
• expansion of external contacts with
international and regional organizations;
• simplification of the contract registration
procedure; and
• increasing the level of skill and experience
of Exchange staff through interactions
between organizations.