China to assist Cambodia in setting up e-commerce ecosystem
Cambodia and China signed a memorandum of understanding on November 10 to support the development of the country’s e-commerce business operations, according to a statement by Cambodia’s Ministry of Commerce.
Under the agreement, China and Cambodia will step up e-commerce cooperation in areas such as policy communication, capacity building, personnel training and joint research, especially under China’s strategic One Belt, One Road initiative. China will also provide technical advice to help boost e-commerce in Cambodia.
Cambodia, for its part, will set up an e-commerce strategy, telecommunications infrastructure, e-commerce facilitation, an online payment gateway and human resources for the sector, while both sides will encourage enterprises to cooperate on e-commerce, including boosting trade in individual products from both countries through e-commerce.
The move comes at a time when Cambodia’s long awaited e-commerce law is expected to be passed and come into effect next year, according to the ministry, which also aims to eventually attract some of the major international e-commerce players to the Cambodian market. Some of those major players, including Alibaba, have already expressed an interest in the Cambodian market, a ministry representative said.
The draft e-commerce law covers a wide range of topics, from credit and debit card usage to the use of online signatures to purchase goods over the Internet. It further incorporates rules and codes of conduct for trading companies to ensure the security of consumers when making online payments. Other related laws, such as the cyber-crime law and the telecom law, are in the development phase.
Cambodia and China signed a memorandum of understanding on November 10 to support the development of the country’s e-commerce business operations, according to a statement by Cambodia’s Ministry of Commerce. Under the agreement, China and Cambodia will step up e-commerce cooperation in areas such as policy communication, capacity building, personnel training and joint research, especially under China’s strategic One Belt, One Road initiative. China will also provide technical advice to help boost e-commerce in Cambodia. Cambodia, for its part, will set up an e-commerce strategy, telecommunications infrastructure, e-commerce facilitation, an online payment gateway and human resources for the sector, while...
Cambodia and China signed a memorandum of understanding on November 10 to support the development of the country’s e-commerce business operations, according to a statement by Cambodia’s Ministry of Commerce.
Under the agreement, China and Cambodia will step up e-commerce cooperation in areas such as policy communication, capacity building, personnel training and joint research, especially under China’s strategic One Belt, One Road initiative. China will also provide technical advice to help boost e-commerce in Cambodia.
Cambodia, for its part, will set up an e-commerce strategy, telecommunications infrastructure, e-commerce facilitation, an online payment gateway and human resources for the sector, while both sides will encourage enterprises to cooperate on e-commerce, including boosting trade in individual products from both countries through e-commerce.
The move comes at a time when Cambodia’s long awaited e-commerce law is expected to be passed and come into effect next year, according to the ministry, which also aims to eventually attract some of the major international e-commerce players to the Cambodian market. Some of those major players, including Alibaba, have already expressed an interest in the Cambodian market, a ministry representative said.
The draft e-commerce law covers a wide range of topics, from credit and debit card usage to the use of online signatures to purchase goods over the Internet. It further incorporates rules and codes of conduct for trading companies to ensure the security of consumers when making online payments. Other related laws, such as the cyber-crime law and the telecom law, are in the development phase.
