The Ministry of Trade held the first meeting of the Advisory Board on Digital Trade

Yesterday Ministry of Trade organized and held the first meeting of the Advisory Board on Digita trade. The main aim of this meeting was to discuss strategic development and digitalization of the e-commerce sphere in Kazakhstan. The Advisory Board was established by the Ministry of Trade and Integration of the Republic of Kazakhstan in January 2021. It will form a strategic approach to the development and management of digital initiatives in the sphere of e-commerce and trade.

The Board is chaired by Minister of Trade and Integration Bakhyt Sultanov. There are 12 members of the Board - managers and representatives of such companies as BCG, Mastercard, Visa, R3, WEF, Singapore Cooperation Enterprise, Stripe, Shopify that are international partners of the Ministry, and representatives from large companies in Kazakhstan such as Kaspi.kz, Chocofamily, Arbuz.kz are also members of the Board.

   The Advisory Board held its first meeting yesterday and introduced the strategy of the development of e-commerce in Kazakhstan.

“The demand for the Advisory Board is a result of different factors, including the necessity of organization of cooperation at all levels between states and companies. Active cooperation within digital transformation is an integral part of it. Also, during the coronavirus pandemic it is especially important not only to support but develop international cooperation in terms of creating conditions for the implementation of digital initiatives. Members will share their experience in implementing digital projects, recommendations, and strategic discussions.”, said B.Sultanov.

Each of the board members were able to share their view on improvement of the strategy and launch new digital initiatives. For example, recommendations for creating conditions for external participants in the e-commerce market, stimulating them, as well as discussing new technologies within protection of electronic payments, digitalization of foreign trade processes, consumer protection and much more.

The Board is scheduled to meet once a quarter. During the meetings in an open format, it is planned to discuss key issues on strategic partnership and digital trade development in Kazakhstan.