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๐Ÿ‡ฐ๐Ÿ‡ฌ Kyrgyzstan /Technology

Kyrgyzstan sees 16-fold drop in unmarked alcohol due to digitalization

From 24.kg · () Russian

Translated from Russian, summarized and contextualized by DistantNews.

At a glance

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  • The volume of unmarked alcohol in Kyrgyzstan has decreased by 16 times due to digitalization and product marking, according to the Eurasian Economic Commission (EEC).
  • Digital marking has proven effective in protecting the common market from illegal goods and boosting state revenues within the EAEU.
  • New rules for regulating external e-commerce will take effect on July 1, with digitalization seen as a key driver of growth for the union.

Kyrgyzstan has seen a dramatic 16-fold reduction in unmarked alcohol following the implementation of digital marking and sales digitalization, reported Alexey Artemyev, deputy director of the Eurasian Economic Commission's (EEC) Department of Customs-Tariff and Non-Tariff Regulation.

Artemyev highlighted that digitalization of sales has significantly increased revenues for member countries of the Eurasian Economic Union (EAEU). He stated that digital product marking has established itself as an effective tool for safeguarding the union's shared market against illicit products and for replenishing state budgets.

"For example, in Kyrgyzstan, the volume of unmarked alcohol has decreased 16 times, and tobacco products by 2 times, which has increased tax revenues by more than 25 percent," Artemyev noted. He added that new regulations governing external e-commerce are set to take effect on July 1, emphasizing that this sector is currently the most dynamically developing area within the EAEU.

Digital marking has proven itself as an effective tool for protecting the common market from illegal products and replenishing the budgets of the union's states... For example, in Kyrgyzstan, the volume of unmarked alcohol has decreased 16 times, and tobacco products by 2 times, which has increased tax revenues by more than 25 percent.

โ€” Alexey ArtemyevDeputy Director of the EEC's Department of Customs-Tariff and Non-Tariff Regulation, explaining the impact of digitalization and product marking on reducing illicit goods and increasing state revenue.
DistantNews Editorial

Originally published by 24.kg in Russian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.