The Ministry of Communication and Information Technology, Ethiopia is preparing a national draft law to govern electronic commerce, e-Commerce.
The globalization of the world market means that international trading is an important element for economic development according to Beker Seid, Communications and Public Relations Head with the ministry.
Electronic commerce plays a significant role in the development and economic growth of countries as well being a benefit for people applying technology in their daily life said Beker.E-Commerce should also play an important role in allowing Ethiopian business and investors become more competitive internationally by modernizing the import and export sectors.
The ministry is aware of the multiple benefits of e-commerce and the challenges associated with the absence of a regulatory framework which has limited the promotion and implementation of an e-commerce system.
With e-commerce growing rapidly internationally and in Ethiopia alongside a global economic process creates various challenges that can affect national commercial laws I light of the paper based transaction systems currently in place explained Beker.
It is known that e-Commerce which is liable to raise issues like security, dispute settlement, commercial trust and legal validity, he said.
The Ministry has been developing the draft law in partnership with United Nations Economic Commission for Africa for more than three years.
Source: Ethiopian Press Agency
