From Malay Mail · · 1m 10s
Malaysia Targets E-commerce Bill Finalisation
Malaysia aims to finalize new e-commerce bill this year, says domestic trade minister.
In brief
Malaysia aims to finalize new e-commerce bill this year, says domestic trade minister. Malaysia plans to finalize a new e-commerce bill by year-end to replace the outdated Electronic Commerce Act 2006 with stronger consumer protections and platform regulations. Originally reported by Malay Mail.
Government Targets E-commerce Bill
Malaysia aims to finalize new e-commerce bill this year, says domestic trade minister.
Repealing Old Law
Domestic Trade Minister Datuk Armizan Mohd Ali said the ministry approved repealing the Electronic Commerce Act 2006.
Stakeholder Coordination Needed
The process requires coordination between ministries and extensive engagement with e-commerce platforms and service providers.
Two Committees Formed
Two committees were established to expedite drafting, including coordination between the ministry, communications ministry, and digital ministry.
Regulatory Mechanisms Under Review
Matters being fine-tuned include division of responsibilities and regulatory mechanisms for e-commerce platforms.
Regulatory Impact Assessment
A regulatory impact assessment with Malaysia Productivity Corporation will be conducted before bill submission.
Licensing Regime Proposed
Proposals include introducing a licensing regime for e-commerce platforms to address overseas goods and consumer safety.
Balancing Regulation
Regulation must strengthen consumer protection without hampering e-commerce growth for traders and consumers.
The key point
Malaysia plans to finalize a new e-commerce bill by year-end to replace the outdated Electronic Commerce Act 2006 with stronger consumer protections and platform regulations.
