Maksim Ermolovich spoke at several SPIEF-2024 venues

On June 6, Maksim Ermolovich, Minister in charge of Competition and Antitrust Regulation of the Eurasian Economic Commission, took part in the session “EAEU Exchange Commodity Market: Price Indicators as a Driver of Integration”.

The event discussed implementing the idea to create a supranational system of price indicators in the Eurasian Economic Union Member States and observer countries.

“I am confident that the volume and nomenclature of goods, primarily raw materials, which circulate in the “five” market even today make it possible to create a supranational system of price indicators,” the EEC Minister said. 

Following the session, the heads of commodity exchanges of Belarus, Kazakhstan, Kyrgyzstan, Russia and Uzbekistan signed an Agreement on creating an international exchange system of commodity market indicators.

On June 7, Maksim Ermolovich spoke at the session “Regulation of Marketplaces: A Necessity or a New Stimulus for Development”.

“Regulation should not lead to barriers and violation of competition rules in transboundary markets. The EEC Competition Unit is ready to proactively coordinate the work on regulating marketplaces in the Union market,” the Minister emphasized.

 The session attendees supported the key conclusion on the need to regulate e-commerce market. Along with that, it is noted that when introducing regulatory norms, the balance of interests of all market participants should be observed, including sellers, buyers, pickup points and marketplaces, which will ensure the consumer rights protection and the possibility of a wide choice at reasonable prices.