The exchange intensifies foreign trade activities
The Uzbek Commodity Exchange continues to implement practical measures to strengthen ties with foreign partners, leading exchanges in the world, international financial organizations and structures, and also expands the network of foreign trading platforms.
Based on the tasks outlined by the President of the Republic of Uzbekistan, the Uzbek Commodity Exchange, together with the embassies of Uzbekistan in foreign countries, opened 5 new foreign trading platforms. In particular, new strongholds of the exchange began their activities in countries such as Russia, Turkey, Azerbaijan and Tajikistan.
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 advantages of the exchange's trading systems are transparency of trade and mutual settlements, direct access to reliable commodity producers, saving time and money, as well as a guarantee of payment and delivery of goods.
In turn, the expansion of the network of foreign trading platforms contributes not only to the promotion of domestic goods to foreign markets, but also to the stabilization of domestic prices through the import of in-demand goods.
In addition, with the support of the Ministry of Foreign Affairs of the Republic of Uzbekistan and diplomatic missions of the Republic of Uzbekistan in foreign countries, business relations are being established with the Dalian Commodity Exchange (DEX, China), the Pakistan Commodity Exchange (PMEX), the French Commodity Exchange (Euronext MATIF), the Madrid Exchange (Bolsa de Madrid), Hamburg Chamber of Commerce and Exchange (Hamburger Borse), Bursa Malaysia, Indonesian Commodity Exchange (ICDX), Tel Aviv Exchange (TASE), Dubai Multi-Disciplinary Commodity Exchange (DMCC) and Istanbul Exchange (Borsa) Istanbul, BIST).
Consultations on the implementation of modern exchange instruments continue with the US Department of Commerce's Commercial Law Development Program (CLDP) and the Commodity Exchange Commission (CFTC).
In turn, cooperation with foreign exchanges, international organizations and experts will serve to improve the regulatory framework for exchange trading and contribute to the further development of exchange activities in Uzbekistan.