President Shavkat Mirziyoyev signed a decree on measures to increase the efficiency of commodity exchanges and further improve exchange trading mechanisms.
According to the document, the following procedures will be implemented from January 1, 2020:
- a part of highly liquid and monopolistic products manufactured by legal entities with a state share in the authorized capital of 50% or more or legal entities, in the authorized capital of which 50% or more belongs to a legal entity with a state share of 50% or more is sold for export exclusively through exchange trading on quotas established by the Ministry of Investment and Foreign Trade of the Republic of Uzbekistan;
- technical oil, feed-stuff, laundry soap, petroleum solvent, paraffin wax and vitriol are sold in the domestic market by monopolist enterprises and organizations with a state share based on market principles exclusively through exchange trading with equal access to exchange trading for all categories of buyers;
- sugar produced by domestic enterprises is sold on the domestic market on the basis of market principles exclusively through exchange trading with equal access to exchange trading for all categories of buyers, with the exception of not more than 10% of the total production to be sold under direct contracts through personal retail chains to consumers located in remote regions of the republic;
- heating oil, liquefied gas and petroleum bitumen are sold by monopoly enterprises and organizations with a state share on the basis of market principles exclusively through exchange trading with equal access to exchange trading for all categories of buyers, with the exception of volumes to be sold under direct contracts to special consumers in the prescribed manner;
- highly liquid and monopolistic products sold on the domestic market by monopolistic enterprises and organizations with a state share under direct agreements, which are subject to auctioning, are mandatory registered by sellers on the commodity and raw materials exchange with the placement of these data on the official website of the exchange within three days from the moment of concluding the contract and after fulfillment of obligations;
- import transactions on commodity exchanges may be concluded by agreement of the parties in foreign currency in accordance with the rules of exchange trade. At the same time, information on the concluded contracts is entered into the Single Information Electronic System of Currency Transactions by commodity exchanges.
