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Exchanges of 5 countries have agreed to create an International Exchange System of Commodity Market Indicators



On June 6, 2024, at the 27th St. Petersburg International Economic Forum, the Cooperation Agreement between the Exchanges of the five countries was signed.

The document was signed by: President of the Kyrgyz Stock Exchange Medetbek Nazaraliev, President of the St. Petersburg International Commodity Exchange Igor Artemyev, Chairman of the Board of the Belarusian Universal Commodity Exchange Alexander Osmolovsky, Chairman of the Board of the Commodity Exchange "Eurasian Trading System" (Kazakhstan) Kurmet Orazayev, Chairman of the Board of the Uzbek Republican Commodity Exchange Ziyoviddin Badriddinov.

 

 

The Agreement will establish the International Exchange System of Commodity Market Indicators aimed at strengthening integration processes in the course of interaction between countries, as well as increasing the economic potential and competitiveness of their commodity markets.

 

 

During the signing ceremony, the President of the Kyrgyz Stock Exchange Medetbek Nazaraliev emphasized the importance of the ongoing integration processes in the EAEU space, the development of which leads to such significant decisions as the creation of a common system of indicators.

“I am glad to note that this partnership is extremely relevant, and we are ready to provide the most serious support in the development of a single information resource,” added M. Nazaraliev.

Medet Nazaraliev also took part in discussions at the session on the topic “EXCHANGE COMMODITY MARKET OF THE EAEU: PRICE INDICATORS AS AN INTEGRATION DRIVER”, which is being held within the framework of the 27th St. Petersburg International Economic Forum. 

 

 

It should be noted that the St. Petersburg International Economic Forum (SPIEF) is being held from June 5 to 8, 2024, and is an important economic event in the Russian business world. The forum provides effective opportunities for negotiations and networking for business and financial representatives. The forum agenda includes current economic topics, in particular, issues of inter-exchange cooperation and increasing the competitiveness of commodity markets.