Retail EAEU prepares rules for working with suppliers

The Eurasian Economic Commission (EEC) has begun developing a Code of Good Practices for Retail Chains. It is supposed to prescribe the basic principles of cooperation between suppliers and retailers.

The development and implementation of the code was initiated by the block for competition and antimonopoly regulation of the EEC, the press service of the commission reported. The Code will be a set of recommended rules for interaction between retail chains and suppliers of consumer goods.

According to Arman Shakkaliyev, Member of the Board (Minister) in charge of Competition and Antimonopoly Regulation of the EEC, the document will help ensure equal conditions for the producers of the Union, will contribute to addressing issues of consumer demand, freedom of movement of goods and fair competition.

“We need to form uniform, understandable rules of business turnover when interacting with retail chains for all EAEU countries,” said Arman Shakkaliyev.

The EEC has created a task force in case of force majeure in the food market

A similar practice has existed in the Russian Federation since 2012 and has already established itself as an effective tool for self-regulation, the press service emphasized. The EEC invites business entities to take a survey to form mutually beneficial rules, which will subsequently be included in the code.