and Exchange Trade (Uzoptbirzhetorg). The new voluntary association consists of 11 trade firms (open joint-stock companies), territorial brokerage companies, commodity and raw material stock exchanges, a bank, and a transportation expediting agency. The Association also has a number of industrial enterprises (producing among other goods, building materials and consumer goods), processing firms (such as procuring paper from waste paper), production services and leasing services. The major activity of the Association is trade and intermediation activities. However, it