Official Launch of E-Commerce Strategy
- 25 November, 2020
- Posted by: EuroCham Cambodia
On 25th of November the Cambodian Ministry of Commerce officially launched the national E-Commerce Strategy as a guiding map for the development of Cambodian the #e-commerce sector, which is considered an important potential source of future growth for #Cambodia. The event followed last year’s promulgation of the Law on E-commerce, to be complemented by, amongst others, the upcoming draft Competition Law, the draft Cybercrime Law (both currently under review) and the law on Digital Identification (framework and associated laws are currently being drafted). The launch of the strategy, as part of the development of Cambodia’s “economy 4.0’’, was presided over by H.E. PAN Sorasak, Minister of Commerce and H.E. TEKRETH Kamrang, Secretary of State of the Ministry of Commerce. The event was attended by participants from line ministries, development partners and representatives from public and private sector stakeholders.
EuroCham Cambodia’s members were represented by Christopher McCarthy, Chairman of the ICT Sectorial Committee and delegates from EuroCham’s advocacy team Noë Schellinck and Zola Taing.
The objectives of the E-Commerce Strategy include an enhancement of the business environment and regulatory framework, improvement of Cambodia’s domestic and cross-border logistics (the development of logistic capacity and infrastructure is also crucial for the implementation of #FTA commitments), a strengthening of ICT infrastructure (fixed line and preparation for the rollout of 5G), financial inclusion and digital literacy in order for e-commerce to also grow in rural areas. Further, also the promotion of electronic payment systems, improving the regulatory framework for fin-tech systems and potential liberalization of domestic parcel delivery are some noteworthy elements of the Strategy.
EuroCham will continue advocating for the European private sector’s interests during the realization of this ambitious E-Commerce Strategy by the Royal Government of Cambodia.
(photos courtesy of the Ministry of Commerce)