At the Uzbek Commodity Exchange, a working visit of a delegation representing the business community of the Islamic Emirate of Afghanistan took place.

The main objective of the visit was to further expand trade and economic cooperation between Uzbekistan and Afghanistan, including increasing the volume of mutual foreign trade through exchange-based mechanisms.

At the beginning of the event, a presentation was delivered for the guests covering the main areas of the exchange’s activities, its trading infrastructure, and electronic trading systems. Special attention was given to the dedicated trading platform for Afghanistan, as well as the foreign trading floor established in cooperation with the Afghanistan Ghazanfar Bank.

During the presentation, detailed explanations were provided on the accreditation procedures for participants, conditions for participation in trading, specific features of export-import operations, and the opportunities and advantages of using exchange mechanisms in settlement processes.

Key advantages highlighted included transparency of trading and settlements, price formation based on market principles, a broad base of reliable counterparties, operational efficiency and convenience of business processes, time and cost savings, as well as payment and delivery guarantees.

Within the framework of the event, business meetings and bilateral B2B negotiations were organized. Representatives of the Agency for the Development of Light Industry, the Uztextileprom Association, O‘zkimyoimpeks LLC, IFODA Agro LLC, and the Uzpromstroymaterialy Association participated, presenting their products and cooperation opportunities.

As a result of the negotiations, agreements were reached on the export of mineral fertilizers, food products, and construction materials to the Afghan market through exchange-based mechanisms.

In order to support these processes, leading exchange members offered brokerage services aimed at strengthening cooperation and providing practical assistance for effective participation in exchange trading.

In addition, members of the delegation had the opportunity to observe electronic trading processes directly in the exchange trading floor and become practically acquainted with trading mechanisms.

At the conclusion of the visit, the guests highly appreciated the exchange’s activities, noting that such practical meetings contribute to strengthening mutual trust, expanding direct and effective business contacts, and further increasing trade volumes between the two countries through exchange-based mechanisms.

 

Source: DEPARTMENT OF MASS COMMUNICATIONS AND FOREIGN ECONOMIC ACTIVITY