Drafting of Myanmar E-Commerce Law in the works
People using Facebook on their mobile phones. The govt is drafting an E-commerce law to regulate trading on such platforms. Aung Khant/The Myanmar Times
Myanmar will aim to enact its first E- Commerce Law as part of its efforts to meet the goals set by the ASEAN Economic Community (AEC), U Toe Aung Myint, secretary of the Ministry of Commerce (MOC), said during an AEC 2025 workshop in Yangon Wednesday.
ASEAN members are targeting having an AEC that is highly integrated and cohesive with enhanced connectivity and cooperation by 2025.
As such, the country will require strong legislation to govern the rising volume of domestic and cross-border e-commerce transactions, U Toe Aung Myint said.
“The government is in the process of drafting an E – Commerce Law to regulate online trading of goods and services to protect consumers and prevent fraud,” he said.
In addition, Myanmar will also implement anti-dumping duties, countervailing duties and enact a Safeguard Law. The moves are aimed at protecting local businesses and providing them with legal recourse during cross-border or bilateral disputes, according to MOC.
In Yangon, all e-commerce businesses must register with the Yangon City Development Committee and Food and Drug Administration, according to the Yangon Region Government.