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Maxim Ermolovich, "Development of exchange commodity markets will radically change economic relations in the EAEU countries for the better"
This was announced by Maxim Ermolovich, Minister in charge of Competition and Antitrust Regulation of the Eurasian Economic Commission, at the annual international forum Exchange Commodity Market 2024 in Moscow on March 28.
As the EEC Minister emphasized, the development of exchange trade was a systemic measure that would promote competition by ensuring transparency of pricing in the commodity market and mutual access of market participants to bidding.
He added that the EEC was currently working on the Concept for establishing a common exchange market for the Union's goods, which will significantly contribute to ensuring transparency of pricing based on fair competition, and, as a consequence, improve the financial performance of economic sectors.
For reference
Forming the Union’s common exchange market for goods is envisaged by the Strategy 2025.
The annual international forum Exchange Commodity Market has been held in Moscow since 2015. The organizer is the Saint Petersburg International Mercantile Exchange. The event is dedicated to the development of organized trading in the commodity industries.
