For the first time in Latvia, in the city of Riga, a  foreign trading platform of JSC “Uzbek Republican Commodity and Raw Materials Exchange” was opened. The founder of the new foreign trading platform of the exchange was the Latvian company LLC “Shipleart” (AP Holding).

With the launch of a new trading platform, it becomes possible to freely import grain, sugar, vegetable oil and other products, as well as export petroleum products, ferrous metals, chemical products, electrical machinery and equipment through the exchange’s electronic trading systems. At the same time, foreign companies will be able to directly enter the commodity markets of Uzbekistan using the possibilities of the market mechanism of exchange trading and e-commerce.

This electronic trading system has such advantages as a unified customer service mechanism, transparency of trade and mutual settlements, direct access to reliable manufacturers, saving time and money, as well as a guarantee of payment and delivery of goods.

In turn, local producers and entrepreneurs will also be able to use the exchange and marketing services of foreign trading platforms of the exchange to effectively promote their goods to foreign markets.

The international trade network of the Uzbek Republican Commodity Exchange covers the trade offices of the exchange located in the Republic of Belarus, the Republic of Kazakhstan, the Republic of Kyrgyzstan, the Russian Federation, the People’s Republic of China, the Republic of Tajikistan and Ukraine.

Thus, at present, the international trade network of the JSC “Uzbek Republican Commodity and Raw Materials Exchange” has 15 foreign trading platforms.