Turkmenistan is actively implementing a programme to modernise its trade system and expand access to global markets for high-quality and environmentally friendly products. One of the significant steps in this direction has been the introduction of a barcode system, under which tens of thousands of product names have already been labelled accordingly, reports the state news agency TDH.

The country's accession to the international GSI (Global Standard) system confirms its status as a reliable and responsible participant in global trade and economic partnership.

Given the growth in production volumes and increased demand for Turkmen goods, the use of barcodes opens up new opportunities for the development of foreign trade, expansion of the export range and strengthening of economic ties with foreign countries.

The transition to a market economy has contributed to the development of new forms of trade, including through commodity exchanges. The State Commodity and Raw Materials Exchange of Turkmenistan (SCRMET) plays a key role in this area, analysing the validity of imports and exports, controlling the formation of prices for export products and focusing on the tasks set by the Head of State. The SCRMET actively studies international experience and applies it to stimulate foreign economic activity and strengthen Turkmenistan's position in the global economy. The legislative framework governing its activities is also being developed in line with modern requirements.

In the first five months of this year, the SCRMET held 124 trade sessions, during which 11,714 contracts were concluded.