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Kazakhstan to develop electronic commerce in cooperation with leading world corporations

Business Materials 9 September 2019 17:31 (UTC +04:00)

Baku, Azerbaijan, September 9

By Nargiz Sadikhova - Trend:

Kazakhstan approved the Roadmap for the Development of Electronic Commerce for 2019-2025, which allows to increase the share of electronic commerce to five percent by 2025 from the current 2.9 percent, Minister of Trade and Integration of Kazakhstan Bakhyt Sultanov said, Trend reports with reference to the press office of prime minister of Kazakhstan.

“We have all the legal conditions for the development of electronic commerce. A lot of attention is paid to modern formats of trade. On April 2, 2019, the law on the development of the business environment and the regulation of trading activities was adopted, which stipulates the development of electronic and exchange trading. An appropriate infrastructure is being created. Now there are about 20 platforms on the market and about 1,700 entrepreneurs work in e-commerce,” Sultanov informed.

According to him, Kazakhstan plans to develop online trade with the help of leading world corporations. On August 26, 2019, the ministry signed an agreement on mutual cooperation between the ministry and the largest online retailer in Russia, Wildberries, which provides for the participation of Kazakh exporters in international trade using e-commerce channels in all areas of Wildberries' presence. It is planned to carry out similar work with other foreign internet sites to promote Kazakh goods for export.

“We will work with foreign internet sites to develop a system for the development of electronic commerce and to increase its share. Today it has a 2.9 percent share in relation to annual retail trade. During the visit of President of Kazakhstan Kassym Jomart Tokayev to China, a meeting with representatives of a large electronic platform like Alibaba is planned. Serious players in this area will significantly and in the right direction help us to develop. Our entrepreneurs will be able to actively cooperate with global players, which will subsequently help to rapidly develop e-commerce in Kazakhstan,” Sultanov said, noting that cooperation with large Internet commerce entities allows exporting Kazakh products.

As he emphasized, a large role will be given to clarification issues, since the issue of trust is very important in e-commerce.

“Now the buyer in e-commerce is protected to the same extent as in conventional commerce. In general, we continue to review the system of consumer protection and want to make it really more effective. All our work to improve the competitiveness of Kazakh products is actually aimed at one thing: every consumer in our country should have a quality product,” said the minister of trade and integration.

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