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Export customs duty is abolished for entrepreneurs from Turkmenistan

Export customs duty is abolished for entrepreneurs from Turkmenistan

According to the Decree of the President of Turkmenistan, signed on May 14, 2021 during the exit session of the government, the export trade duty will be cancelled for national exporting entrepreneurs. This step was taken to support entrepreneurship under the state program to stimulate exports from Turkmenistan. The resolution envisages cancellation of the customs duty at the rate of 2% starting from January 1, 2022.

This decision to support domestic exporters is expected to increase Turkmenistan's foreign trade and stimulate the development of domestic production.

Source: Watan habarlary

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