Uzbekistan will start selling highly monopolized products, including oil, gas condensate, silver, ethanol and cement in the domestic commodity exchange market to promote the country's market economy, a presidential decree said Thursday.
According to the document, the companies and enterprises that produce polyvinyl chloride and formalin, silver, consumer and technical ethyl alcohol and hold 50 percent or more of state shares in authorized capital will start selling their products at the local commodity exchange starting June 15.
Since 2016, Uzbekistan has taken a series of measures to promote economic reforms, including liberalizing its foreign exchange market, reducing taxes and offering preferential treatment to foreign investment.
Editor: Leon
