Cambodia launches E-Commerce Strategy
By
B2B Cambodia
on
The Cambodian Ministry of Commerce has officially launched its E-commerce strategy on 25th November 2020.
Photo Credit (MoC FB) - Cambodia launched the E-Commerce Strategy on November 25th 2020
Minister Pan Sorasak said at the launch that the policy aims to develop domestic industry, diversify the economy and prop up the capacity building for the Kingdom’s SMEs.
What is the Cambodian E-commerce strategy?
The E-commerce strategy outlines the plans to promote economic growth and preparedness for a robust digital economy between the public, private and development partners. Sorasak said: “The e-commerce law serves as an important legal basis for the development of e-commerce, especially to protect the interests and build high-trust relationships with e-consumers, as well as to entice local and foreign investors to come and invest in Cambodia. This is a newly-emergent sector, but it has tremendous potential to generate new sources of growth for the Cambodian economy." The Cambodian E-commerce strategy is divided into ten chapters:- Strategy and Policy Focus and institutional coordination
- Legal and regulatory frameworks
- SME regulations
- Information and communications technology (ICT) infrastructure
- Digital knowledge/skills infrastructure
- Payment systems
- Domestic e-commerce/trade logistics
- Cross-border trade
- Access to finance
- Trade information and in-market support