RESOLUTION OF BUREAU OF INTER-PARLIAMENTARY ASSEMBLY OF EURASIAN ECONOMIC COMMUNITY

of December 2, 2009 No. 12

About Recommendations "Electronic trading"

The bureau of Inter-parliamentary Assembly decides:

1. Approve the MPA of EurAsEC provided by the Permanent commission on trade policy and international cooperation the draft of Recommendations "Electronic trading" (is attached).

2. Submit Recommendations in parliaments of state members of EurAsEC and Integration Committee for use in work on harmonization of the national legal system and enhancement of the legal base of Community.

Appendix

to the resolution of EurAsEC MPA Bureau of December 2, 2009 No. 12

Recommendations electronic trading

I. Introduction

Electronic trading as effective remedy of conducting transactions in international trade develops quickly enough. Its use for the commercial and administrative purposes already gained considerable distribution in a number of the major industries in Europe, North America, Australia, New Zealand and Asia.

The growing use of electronic trading considerably transforms the international trade practice, replacing the traditional trade based on paper documentation, alternative electronic systems. Instead of the direction and receipt of original written instruments with the signature by hand, participants of trading activities transmit the structured commercial data from one computer system to another through electronic means, using digital signatures more and more.

Disclaimer! This text was translated by AI translator and is not a valid juridical document. No warranty. No claim. More info