Bishkek, February 20, An International Conference was held to discuss recent amendments to the Eurasian Economic Union (EAEU) Customs Code and their impact on the e-commerce sector. The event was organized by the National Alliance of Business Associations (NABA) with the support of the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic, along with key industry associations and government agencies.

Customs Regulation Reform

During the conference, experts discussed the latest amendments to the EAEU Customs Code aimed at developing digital trade and reducing bureaucratic barriers. Representatives of the Eurasian Economic Commission (EEC) emphasized that the new regulations will facilitate customs procedures for online platforms and cross-border deliveries, which is particularly important for entrepreneurs in the Kyrgyz Republic.

"Global economic trends show that digitalization and e-commerce are becoming key drivers of economic growth. Today’s conference is not just about legislative changes but about creating new opportunities for businesses, improving logistics, and enhancing conditions for entrepreneurs," noted Uluk Kydyrbaev, Head of the Secretariat of the Investment Council.

E-Commerce in the Kyrgyz Republic

According to the Kyrgyz Republic’s E-Commerce Association, in 2024, the e-commerce market volume reached $359 million, accounting for 6.35% of total retail turnover. Forecasts indicate that by 2028, this figure will grow to $595.7 million, with an annual growth rate of 14.3%. However, experts note that to fully unlock the potential of digital trade, it is essential to improve the regulatory framework and invest in logistics and digital platforms.

The conference provided a constructive platform for dialogue between government representatives, businesses, and international organizations. During panel discussions, specific proposals were put forward to simplify customs regulations and encourage the growth of e-commerce in the region.

The Role of the Investment Council

As a co-organizer of the event, the Investment Council under the Cabinet of Ministers of the Kyrgyz Republic continues its efforts to create favorable conditions for investment and business. The Council’s Secretariat remains open to further discussions with government agencies and the business community to develop additional mechanisms for supporting e-commerce.