FE REPORT |
02, 2021, 10:09 a.m.
04, 2021, 10:23 a.m.
A high-level committee is sitting at its first meeting this week to strategize to enact digital commerce law and establish a regulator for the e-commerce industry blocked by scams.
Officials say the meeting is scheduled for Oct. 5 at the Commerce Ministry chaired by Additional Secretary (IIT) AHM Shafiquzzaman, also the panel’s organizer.
When asked, a senior official said: “We have started work on a bill and a separate regulatory body. The expert panel is meeting this week to take the next course of action.”
As requested by the ministry, the 16-member committee will prepare a digital commerce bill within the next two months.
It will also establish a structure and modus operandi of the planned regulatory authority within eight weeks.
The proposed act and body will be formed with the aim of governing electronic commerce and bringing discipline to the crisis sector.
In addition, the committee will be submitting a set of recommendations over the next two weeks to address ongoing complications related to e-commerce.
On September 22, an interdepartmental review meeting at the Commerce Department suggested the formation of a separate regulator and law for dot-com operations.
At present, the country has no law but the Digital Commerce Policy-2020 and the Digital Commerce Operational Guide-2021 to govern the growing e-commerce industry to verify any fraud.
The authorities concerned have recently detected acts of fraud of many dot-com in the name of electronic commerce and have thus taken punitive measures against the perpetrators.
Sneaky platforms include Evaly, Dhamaka, e-Orange, Sirajganj Shop, Aladiner Prodip, Boom Boom, Adyen Mart, Needs, Qcoom.com, and Alesha Mart.
Minister of Commerce Tipu Munshi recently spoke about the adequate measures taken to prevent these e-commerce platforms from deceiving customers in the future.
“We will not leave any chance to do the same,” he said.
Each business must register or take a unique business identification number with the ministry to operate such an online business in the country.