Competition in the Digital Age: Challenges and Opportunities for the EAEU

On December 13, the Eurasian Economic Commission organized an international seminar on the theme “A modern view of the competitiveness of the economy: Challenges and prospects for the countries of the Eurasian Economic Union and the Commonwealth of Independent States”. Director of the Institute, Alexey Ivanov, made a presentation on the challenges of competition in digital markets.

Within the framework of the event, a discussion was held on modern approaches to assessing the competitiveness of the economy, taking into account the impact of the development of digital technologies, social and demographic shifts in society, the requirements of business ecological considerations and other factors. In addition, during the discussion, the participants touched on the issues of identifying problem points and growth areas to increase the competitiveness of the economies of the countries of the Eurasian region.

 

The seminar was attended by representatives of international organizations, various authorities, businesses and business associations, development institutions, and the scientific community of the EAEU member states, CIS countries and other countries.

 

Alexey spoke about a wide range of competition problems in digital cross-border markets and the role of the Eurasian Commission in the process of resolving these problems, mentioning that the Institute carried out three research projects for the EEC:

 

1. Analysis of relations in the field of the digital economy, and identification of restrictive practices of market participants (Stage I completed in November 2019)

 

2. Analysis of legislation and legal enforcement practice on the issue of prosecution and release therefrom for violation of competition rules in the cross-border markets of the Union and its member states (study completed in August 2019)

 

3. Development of regulatory models for cross-border data circulation (study completed in July 2019)

 

In addition, the Director of the Institute reminded the audience about the BRICS Antimonopoly Center Report presented in the autumn, on new approaches for protecting competition in the digital economy.