State Commodity Exchange of Turkmenistan Launches New Services

State Commodity Exchange of Turkmenistan Launches New Services

The State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) has introduced new services and tariffs to provide even better and faster services to local entrepreneurs and private companies.

The SCRMET speeded up the process of entering contracts and additional agreements between buyer and seller into its exchange data system, setting the cost of the service at 50 manats. Clients wishing to submit their contracts before 12:00 on Saturday will be required to pay 500 manats.

Contract prices will be analyzed as soon as possible, taking into account the producer country, manufacturing company and type of goods.

The SCRMET has also set a service fee of 500 manats for entrepreneurs and companies willing to trade their products on the exchange.

The State exchange also introduced a service of drawing up contracts and additional agreements. The fee for this service is 100 manats for contracts up to 10 pages and 200 manats for contracts over 10 pages.

The SCRMET clients can now get help with filling in their letter of recommendation for the Financial Control Department and a questionnaire from the exchange’s experts right on the spot. The fee for this service is set at 100 manats.

The specialists form every department of the SCRMET can now be addressed on the first floor, near the document reception, for consultations about the contracts, additional agreements and other matters.

The SCRMET plays a significant role in the country's economy. It carries out analytical and regulatory activities in the field of export-import operations. Turkmen products are successfully exported to more than 40 countries of the world through the SCRMET. The main export goods include products of petrochemicals, agriculture, machine building, light industry and construction sectors.

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