📋 Tender Overview
To ensure competition and equal conditions for interaction between participants in the trade of consumer goods in the Eurasian Economic Union on November 30 2021 in Moscow at a meeting of the Advisory Council for Interaction between the EEC and the EAEU Business Council a Protocol of Intent was signed between the Eurasian Commission and the Business Council. The document became a kind of first step towards the development of recommendations for the establishment of fair conditions for interaction between retail chains and suppliers of consumer goods from the five countries.At the previous meeting of the Advisory Council in April this year the main approaches for self-regulation of relations between entrepreneurs were approved.The creation of an enabling environment transparency and predictability in the retail market is an important aspect to protect competition in the trade.According to experts the annual growth in retail volumes can be 2-4. At the same time the attractiveness of the retail market is due to its volume which in the Eurasian Union reaches more than half a trillion US dollars.Today there is a significant increase in the share of chain companies in the retail market. This is facilitated by the expansion of trade formats - there are supermarkets and hypermarkets convenience stores in the markets. Thanks to digitalization online commerce and the delivery of food and essential goods are developing.I believe that within the first half of next year together with the business community of our countries we will prepare and submit for signing at the meeting of the Advisory Council a document of understanding between the EEC and the EAEU Business Council on the formation of a self-regulation system for participants in the trade in consumer goods of the Union states - noted a member of the EEC Board on Competition and Antimonopoly Regulation Arman Shakkaliev.
