Monday, February 1, 2016

E-Commerce policy preview

Policy for e-commerce in the making

E-Commerce is being prioritized as a burgeoning sector in the country, to be the recipient of foremost infrastructural support. The E-Commerce Association of Bangladesh (e-CAB), the official association founded for e-commerce, has adopted formulating the policy guidelines for e-commerce in the country. The ICT minister is observing this sector as more crucial this year. A draft preparation is assigned to e-CAB, which will be finalized upon comprehensive review.
Currently, e-commerce is a sector thrusting its prowess at 20% annual growth rate. Additional to Facebook-commerce, e-commerce operators make up around 1000 in the country, a Tk 400 crore valued sector. With no existing policy in place, it has grown significantly in the last few years. Upon this priority, characteristics that will be emphasized on in the policy guideline are data security, protection against funds, delivery channels and digital marketing.

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