The BRICS are going to agree on the regulation of electronic commerce

    Before the opening of the summit of the BRICS Heads of State, which will soon begin, a delegation of economic ministries of the five countries met. Within the framework of this meeting, the issues of Internet commerce were discussed for the first time, as well as ways to regulate and support it, Kommersant writes . The topic of e-commerce has become a key one.

    It is worth noting that all representatives of the countries participating in this meeting agreed on the need to implement agreed measures to regulate electronic commerce. So, according to the Ministry of Economy of the Russian Federation Alexei Ulyukaev, Russia's trade with the BRICS countries has doubled over the past 7 years. In monetary terms, the volume of trade between Russia and the BRICS countries in 2014 reached $ 107 billion. As for the total volume of trade between the countries, this figure reached $ 291 billion.

    “Our countries are countries with a large territory and an underdeveloped infrastructure of physical trade and investments in this infrastructure. In this sense, electronic commerce is very important and of particular importance. It allows us to bridge the gap in the accessibility of the population to trade services and to obtain high quality goods and services at low costs, ”said Alexey Ulyukaev.

    According to the general opinion of the meeting participants, electronic commerce in the BRICS countries is developing very quickly, while being a specific driver of economic growth. For example, in Brazil, the volume of the online trading market grew by 28% in 2014, compared with 2013. In India, the volume of Internet commerce is growing by 30% every year, and in South Africa, according to the Minister of Commerce and Industry of this country, Rob Davis, there is a “explosion of electronic commerce”.

    Representatives of China believe that e-commerce allows small and medium-sized businesses to get timely access to customers, finding additional markets for their products. “Farmers can sell their unique products directly to customers who trust manufacturers themselves more than intermediaries,” said Chinese Deputy Minister of Trade Wang Shouven. Shouven also expressed the view that it is necessary to confirm the quality of exported goods and simplify customs clearance. Other participants in the meeting agreed with this opinion. “Participants in public procurement must conduct tenders in electronic form. E-commerce also helps small and medium enterprises take their place in regional and global markets, ”said Indian Deputy Minister of Commerce and Industry Jagdish Saxena Deepak.

    The importance of electronic commerce was also noted by the prohibition of the State Duma Committee on Economic Policy and Entrepreneurship Viktor Klimov. According to Klimov, for the development of the industry, countries need to solve several problems at once, including the creation of a single legally significant document flow, as well as cryptography and identification of participants in the transaction.

    The meeting participants agreed with the view that the action plan for the development of cooperation between the BRICS countries in the field of electronic commerce can well be used as the basis of a memorandum of understanding.

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