BRICS countries will develop electronic trade

BRICS countries will develop electronic trade
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On April 14th, the meeting of the BRICS expert dialogue group on electronic trade took place in Moscow.

As the Economic Development Ministry press service reported to, the main topic of the dialogue was creating conditions for barrier-free electronic trade between BRICS countries and, later, a common space for barrier-free electronic trade.
Speaking on the main item of the agenda, the First Deputy Minister of the Economic Development Ministry, Alexei Likhachev, said that the BRICS expert dialogue on electronic trade is the first event in the framework of BRICS and is being held on Russia’s initiative. The development of these tools will add much to world-wide trade, and the volume of trade between our countries will grow.
The Russian market in electronic trade in the state and municipal procurement sphere (“business-to-government”) is one of the most developed in the world. Currently, state and municipal procurement are carried out electronically, excluding classified procurement activities. The number of procurements via electronic auction increased by 49.6% in 2014 as compared with 2013 and constituted about a million and a half contracts with a total value of more than $140 bln.
During the BRICS expert dialogue meeting, the partners shared their experience. Recommendations will be developed as a result.