Askar Mamin: Digital labeling of goods will create a multiplier effect for economies of EAEU countries

First Deputy Prime Minister Askar Mamin took part and spoke at the forum “Digital Labels in the EAEU as the Basis of a Transparent Environment for Business, Government and Consumers.”

Егемен Қазақстан
08.02.2019 98

The forum was attended by Board Member, Minister for Trade of the Eurasian Economic Commission Veronika Nikishina, Minister of Industry and Infrastructure Development of Kazakhstan Zhenis Kassymbek, Deputy Minister of Industry and Trade of Russia Alexey Besrozvannyh, Deputy Minister for Tax and Duties of Belarus Vladimir Mukvich, Deputy Minister of Economy of Kyrgyzstan Dastan Kadyrov.

First Vice Premier of Kazakhstan noted the importance of developing digital technologies in industrial and excisable products, agriculture, pharmaceuticals and the creation of new opportunities for trade growth in the context of further integration within the EAEU.

“Thanks to joint efforts to stimulate trade, eliminate barriers, standardize the institutional environment, we created new and expanded the existing growth mechanisms of our economies, which contributed to the high growth rates of the economies of the EAEU countries,” said Mamin.

Against the background of a tightening monetary conditions and a steady reduction of the space for investment policy, the introduction of a labeling and traceability system for goods in the EAEU space is of particular relevance.

“Combating the circulation of unlicensed products is a practically untapped mechanism for creating additional space for the development of industries, reducing costs for domestic producers, increasing the base for expanding the state budget revenues and increasing citizens' well-being,” said the First Deputy Prime Minister.

According to the International Chamber of Commerce, the volume of under-collection of sales taxes, caused by the displacement of legal producers, is almost $90 billion a year, with a disproportionately high share in developing countries.

“At the same time, the technological equipment of unscrupulous manufacturers and suppliers is being improved, products of inadequate quality cover all price segments during each stage of the creation of added value,” said Mamin.

It is natural that the widespread implementation of projects in the field of labeling and tracing of goods has been one of the main trends in international and domestic trade over the past 10 years. According to research conducted by the international consulting company Boston Consulting Group, in the next 10 years the list of groups to be labeled will reach 70-80% of all types of goods. Projects operating in the PRC, Brazil, Turkey, the United States and the European Union have demonstrated their success, already allowing for increased tax collection in the affected industries by 20–40%.

After the launch of labeling projects, countries have significantly reduced the “gray” market, expanded the budget revenues. A bona fide business returns the revenue lost due to counterfeit revenue, increasing sales due to unfair competition leaving the market.

“Thanks to the common efforts within the framework of cooperation of the EAEU, a successful trend is becoming a reality in our countries,” said Mamin, noting that “the necessary legal basis for implementing this direction has been laid within the framework of the EAEU, there are successful examples of the initiative’s implementation.”

Running processes will have a positive impact on the economy of Kazakhstan. A 1% reduction in counterfeit volume will lead to the release of space for legal business only in retail sales of up to $100 million.

“We have one goal — to increase commodity turnover and create a legal market, reducing the shadow economy, leveling the competitive conditions of doing business within the Union,” said Mamin and noted that a joint integrated approach will have a multiplicative effect for the economies of the EAEU countries.



Head of Kazakh Republican Space Communications Centre appointed


Astana to enjoy Poetry in Music concert


The first opponent of Daniyar Yeleussinov was defined in 2019


Gorka Izagirre wins Tour de la Provence after a dramatic final at stage 4


New US Ambassador to Kazakhstan: I am very happy to return to Kazakhstan again


Kazakh Senate Speaker attends Munich Security Conference


Miguel Angel Lopez wins Tour Colombia 2.1


Bakytzhan Sagintayev meets with Chairman of the Board of Eurasian Development Bank Andrey Beliyaninov


Constitutional Council announces decision on Presidential appeal


Kazakh President meets with winners and prize-winners of international sports competitions


Southern Gas Corridor can transport gas from Turkmenistan, Kazakhstan, says SOCAR


Astana’s Lopez comes in 4th in sprint at Tour Colombia 2.1. Stage 3


Askar Mamin presented new first deputy akim of Turkestan region


New deputy mayor of Astana appointed


Effectiveness of measures to ensure social well-being considered at meeting of Government Working Group


President signs decree on military discharge of conscript soldiers


Bakytzhan Sagintayev holds a meeting of State Commission for Modernization of Economy


Yeldos Ramazanov appointed vice minister of culture and sports


Nurzhan Altayev dismissed as vice minister of labor and social protection of the population


Kazakh President meets with the participants of the project "100 new faces of Kazakhstan"


Aliya Ashim, Journalist

Brazil’s version of Trump: why is it a «wake-up call» for the world?

<p style="text-align: justify;">A racist, a homophobe, a misogynist, a pro-torturer. Because of the profane outbursts and verbal abuse, he has earned such an image and was even considered as a political clown. Once he insulted lawmaker claiming that she was too ugly to be worth of raping. What is more, he said that he’d rather have a dead son than a gay one. Therefore, analysts concluded that Brazil has elected the most extremist president among democratic countries. So why did Brazil decide to make «really radical shift»? How did such an «extreme» and «unpleasant» figure become a president?<br /> </p>

Jylkybay Jagyparuly,

Mechanical engineering is a potential pillar of the economy

In industrialized countries, one of the most important indicators of the economy is the level of development of the machine-building industry. Independent Kazakhstan, striving to achieve ambitious goals, is making great efforts to develop machine building in the process of diversifying its economy.

Alisultan Kulanbay,

June 4 - Day of State Symbols of Kazakhstan

State symbols - the State Flag, State Anthem and State Emblem demonstrate to the world the independence of the Republic of Kazakhstan, also continuity between the past, the present and the future of the state.

Ainash ESALI,

Is it all good that they advertise?

Advertising is the driving force of production and business. This is an indisputable fact.

Nazira RAKHMANKYZY, Film critic

Splash of commercial films in Kazakhstan

Last year, the number of feature films which filmed reached thirty-six in Kazakhstan. We should say that it is an unprecedented figure in the history of Kazakh cinema in the last quarter century.