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In Russia will create the rules of the grain trade by type GAFTA rules.
In Russia will create the rules of the grain trade by type rules in GAFTA (Grain and Feed Trade Assotition, the international trade Association grain and feed). As reported by the President of the National Association of exporters of agricultural products (NAESP) Sergey Balan, the decision on the development and implementation of these rules was taken at a meeting of the Association.
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"It's very important, unified rules are necessary for our market, the entire civilized world lives by them, except us" — said to "Interfax" the President of NAESP Sergey Balan.

For developing rules set up a special working group, headed by the CEO of the Smartseeds company Cyril Podolsky.

According to K. Podolsky, "Interfax", it is planned to create the rules of the grain trade, which is absolute in all grain powers of the world. "They are, on the one hand, will fully comply with Russian legislation, on the other — are similar to the rules of GAFTA, he said. Rules, in particular, will include typing of contracts in the grain trade, the establishment of the arbitral Tribunal on the platform of one of the existing in the Russian Federation arbitration courts".

According to him, typing contracts will reduce costs in the grain trade, speed up all the processes, reduce risks and farmers, and traders, as in the model contract will specify all terms and conditions. "In GAFTA standard contracts exist under certain offer, traders simply call the contract number. This is not what we now have in the companies they write, then agree, spending a lot of time," he said.

"And most importantly, that everything will be digitized. The mess that now exists in the market, digitize impossible", — said the head of the working group.

K. Podolsky said that the group will involve authoritative experts in the market. "We also will actively cooperate with state agencies, coordinate with them the documents," he said.
"I believe that trade rules fundamentally change our grain market, will increase its efficiency, make it transparent," he said.

K. Podolsky also said that the working group expects by November to the next conference of the NAACP, to present the main principles of the organization of trade, the structure of the model contracts, and other documents. "Then we'll need a few more months in order to finalize and approve them," he said.

"We support the creation of rules, it will significantly simplify the work of companies and, above all, their lawyers, because everything will be spelled out in the standard contracts", — said the representative of a large grain trader.



Translated by service "Yandex.Translation"
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