E-Commerce in CAREC Countries

Download or read book E-Commerce in CAREC Countries written by Asian Development Bank and published by Asian Development Bank. This book was released on 2022-03-01 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Digital trade promotion has been a long-standing priority for CAREC member countries, as part of their integration into global value chains and economic diversification. This study examines the legal environment on electronic transactions as well as the opportunities and challenges in expanding electronic commerce in the CAREC region. It makes a case for modernization and harmonization of laws of CAREC countries leveraging on international instruments and best practices for electronic commerce transactions. Adequate legislation to protect personal privacy and consumers’ rights and combat cybercrime is also crucial. Finally, institutions must be built with trust, within and among countries and through regional cooperation.