Private producers to get customs privileges in Turkmenistan
Turkmen President Gurbanguly Berdimuhamedov has signed a decree to provide customs privileges to private producers from May 1, 2016.
The document will make it possible to stimulate the local producers, protect their interests regarding the competitiveness of products.
Foreign trade contracts of legal entities of the private sector and the contracts of private entrepreneurs on the export of Turkmen products will be exempted from registration in Turkmenistan's state commodity exchange.
Currently, the private sector of Turkmenistan's economy accounts for 62.3 percent of GDP.
The volume of export from Turkmenistan (excluding the fuel and energy sphere) increased by 11 percent in the first quarter of 2016, as compared to the same period in 2015.
The volume of consumer goods imported from abroad has dropped by 18.9 percent.
---
Follow us on Twitter @AzerNewsAz
Here we are to serve you with news right now. It does not cost much, but worth your attention.
Choose to support open, independent, quality journalism and subscribe on a monthly basis.
By subscribing to our online newspaper, you can have full digital access to all news, analysis, and much more.
You can also follow AzerNEWS on Twitter @AzerNewsAz or Facebook @AzerNewsNewspaper
Thank you!