There are no market relations if stock market does not work with efficacy

Under the chairmanship of the President, a meeting is in the process aimed at increasing trade at the Commodity Exchange and expanding the participation of local businesses.

“There are no market relations if stock market does not work with efficacy” President said. "Exchange trading creates free competition, opens new markets for entrepreneurs, and drastically abates the 'shadow economy' and corruption," he said.

As a result of the reforms:

Over the past three years, the exchange trade turnover has doubled to 90 trillion UZS, the number of goods sold has tripled (from 200 to 627);

20 trading platforms of the exchange were established in foreign countries, products worth $ 170 million US were sold in the first 4 months of this year;

Last year, 1,274 foreign companies began selling large volumes of products on the Uzbek stock exchange.

"There is the result. But that is not enough,” he highlighted. The Ministries of Foreign Trade and Foreign Affairs have been instructed to set up such trading platforms with the involvement of all embassies offshore.