Even as the so-called crackdown on errant e-commerce players continues unabated, the Commerce Ministry has recently formed a sub-committee to regulate the e-commerce sector in Bangladesh.
This was informed by a spokesperson of the Commerce Ministry, who maintained the decision on formulating new law or amending the existing one will be taken within one month, even as the new development took place in the backdrop of the recent reports of anomalies and fraudulences in the country’ e-commerce sector.
According to media reports, the E-commerce Association of Bangladesh or e-CAB has recommended forming several committees in compliance with the Digital Commerce Policy-2018 — these committees include Technical Committee, Risk Factor Management Committee, and Advisory Committee — of which, the Advisory Committee has already, reportedly, been formed even as a risk factor management committee was to be formed in coordination with the Commerce Ministry, ICT Division, Bangladesh Bank, Ministry of Public Administration, the Directorate of National Consumer Rights Protection and others stakeholders to monitor and control risky activities of e-commerce sites.
Besides, the e-CAB in its recommendation also maintained that central bank (Bangladesh Bank) should form a technical committee to monitor financial transactions of the e-commerce platforms.
