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EEC webinar attendees outlined steps for further development of e-trading in EAEU space

EEC webinar attendees outlined steps for further development of e-trading in EAEU space

2/9/2021

The Eurasian Economic Commission jointly with the Russian Union of Industrialists and Entrepreneurs (RUIE), the Russian Export Center (REC, JSC) and the Business Council of the Eurasian Economic Union held a webinar "Electronic trading platforms. Transfer of supplies in online mode".


​​"Developing e-trading and using marketplaces as the topic of the first webinar this year was chosen quite deliberately,"
Igor Nazaruk, Director of the EEC Trade Policy Department, stressed opening the event.  "Representatives of the business community have repeatedly expressed their wishes for such a discussion at the recent meetings of the Business Dialogue chaired by Andrey Slepnev, Member of the Board – EEC Minister in charge of Trade. The pandemic situation that is now taking place has stimulated us to be more active in this direction.

Representatives of the marketplaces AliExpress Russia and Deal.by, Wildberries LLC, Ozon as well as representatives of the Digital Kazakhstan Association, E-Commerce Association of the Kyrgyz Republic, RTS-Tender LLC, SELDON PRO LLC, B2B-Center ETP and others appeared for the webinar’s speakers. Several hundred listeners joined the online broadcast.

As the speakers informed, according to preliminary estimates, the EAEU internet trading increased from 20 to 30% at last year end. Along with that, according to current expectations, the single e-commerce market across the globe exceeded 4 trn US dollars in 2020 and will approximate to 5 trn US dollars in 2021.

At the same time, Ilya Kabanov, Head of the Section of Market Monitoring and Marking of Commodities of the EEC Tariff and Non-tariff Customs Regulation Department, has noted that at high growth rates of e-trading in the Member States, each taken separately, the mutual trade between the countries failed to show such performance. "The lack of information about both the readiness of manufacturers and sellers to enter each other's marketplaces and how this can be done is, probably, one of the key inconsistencies," the expert suggested.

During the event, some other issues were addressed as well as questions received from interested parties were collected. All explanations will be given in the near future and then posted on the webinar page on the EEC website at: http://eec.eaeunion.org/comission/direction/trade/webinar.php, where the event video has been posted as well.

"Our colleagues have announced a number of things which should be solved: these include both losses from currency conversion and expenses from insufficient development of transport and electronic infrastructure, and many other things," Igor Nazaruk summed up the discussion, expressing hope for fruitful continuation of joint activities.​