According to the Ministry of Economic Affairs (MOEA), the agreement provides a mechanism to ensure safe e-commerce transactions and protect digital content. It removes trade barriers to digital products and service transactions, protects content creators intellectual property, creates a stable and open environment that enables transactions related to information products, encourages a paperless trade across borders and prevents Internet fraud.
The agreement also proposes to establish a platform to enable cooperation between the two countries governments. The platform aims to encourage small- and medium-sized companies to engage in more e-commerce, as well as facilitating exchange of regulations and implementation experiences related to e-commerce.Negotiations on the agreement began in June 2012 and the two countries inked the agreement in November 2013.
Check out our Cross-border Ecommerce Research section here for more info on country-specific ecommerce facts & figures, preferred payment methods, risk and fraud, as well as ecommerce legislation & regulation for mature and emerging markets.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.