Myanmar strives for better e-commerce system
Source: Xinhua Time:2020-06-02 08:36:15
Myanmar's Ministry of Commerce is striving to implement a guideline for the better e-commerce system in the country, a government official told E-commerce Virtual Conference on Thursday.
"It is a good time to carry out the process for further development of e-commerce system as the mobile penetration is over 100 percent now in the country," said U Aung Htoo, Deputy Minister of Commerce.
The move comes as the Commerce Ministry has been tasked with facilitating trade, stabilizing prices and providing emergency food under the country's COVID-19 Economic Relief Plan (CERP).
Currently, most of the e-commerce businesses are operating informally and the main goal of the ministry is to establish a secure and regulated trading system on the internet in the country, he said.
"The growth of e-commerce business in Myanmar will help to boost the communications between traders and customers and also to connect businesses both locally and internationally," he added.
It is also learnt that the Commerce Ministry supported the establishment of Digital Economy Association and E-commerce Association so as to develop e-commerce system in the country.