EEC Council approves draft Agreement on Electronic Commerce in Goods  within EAEU

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.