ArmInfo. The Council of the Eurasian Economic Commission has approved the draft Agreement on Electronic Commerce in Goods in the Eurasian Economic Union and has sent it to member states for the internal procedures necessary for the document's signing.
According to the EEC press service, the Agreement was developed as part of the roadmap to create favorable conditions for the development of electronic commerce in the EAEU, approved by the heads of government of the Union countries in 2021. It is primarily aimed at establishing general rules for this type of trade within the internal market.
"The objective of this large-scale work was to reduce the risk of various barriers to the free movement of e- commerce goods," EEC Trade Minister Andrey Slepnev noted. "For businesses, this means unity, predictability, and transparency of regulation throughout the Union, the possibility of using electronic document management, and a reduction in administrative burdens and financial costs."
According to the EEC Minister, for consumers, this translates to unified standards for protecting their rights at a level no lower than of traditional trade, ensuring information security, protecting personal data, and limiting spam. Overall, the creation of a comprehensive legal environment is an important step in providing favorable conditions for both businesses and consumers within the Five" member states. Ensuring the free movement of e-commerce goods, as well as related services in the Union market gives citizens access to a wide range of high-quality products from different regions and opens up new sale markets for businesses.
"The Agreement on E-Commerce proves that free trade and consumer protection are not competing goals, but complementary principles that together form an effective, trustworthy and competitive economy," Andrey Slepnev emphasized.
