The border trade is expected to be established with consideration of modern international and regional practices of wholesale and retail trade.

Batyr Atdayev, the Deputy Chairman of the Turkmen Government overseeing the country’s trade and textile complex, during the cabinet meeting on Sunday briefed President Serdar Berdimuhamedov on the ongoing work on the establishment of the Turkmen-Uzbek border trade zone.

He said the relevant state agencies are carrying out appropriate work in accordance with the Agreement between the governments of Turkmenistan and Uzbekistan on creation and regulation of the border trade zone - trading center, the official Turkmen media reports.

Atdayev added that the border trade is expected to be established with consideration of modern international and regional practices of wholesale and retail trade.

In this regard, the Vice-Premier presented proposals on the location of the border trade zone and the boundaries of its territory to the Head of State.

Following the report, President Berdimuhamedov emphasized that cooperation between Uzbekistan and Turkmenistan is built on principles of equality, mutual respect and trust, noting that the brotherly and friendly country is the reliable partner of Turkmenistan. The Turkmen President tasked the Vice-Premier to make maximum use of the existing potential for the expansion of multifaceted interaction.

The Agreement between the governments of Turkmenistan and Uzbekistan regarding creation and regulation of work of Turkmen-Uzbek border trade zone – trade center was signed on October 5, 2021.

BUSINESS TURKMENISTAN https://business.com.tm/post/9302/vedutsya-raboty-po-sozdaniyu-turkmenouzbekskoi-prigranichnoi-torgovoi-zony