Asean E Commerce Agreement
“It`s also about creating an environment of trust in e-commerce,” Chan said. The ASEAN e-commerce agreement kicks off the process. Member State governments must continue to seize opportunities at national and regional level in order to effectively achieve the potential growth prospects that will be available in the future. Businesses must be prepared to respond with specific recommendations for their participation in order to contribute to the implementation of effective e-commerce and digital policies for ASEAN. This commitment has not been made. The final agreement will therefore be greeted with a yawn by many companies, who will probably be quite disappointed by the results contained in the document. A second obstacle to creating a useful agreement for digital commerce was the lack of commitment to the economy. While it is generally preferable to discuss with businesses when negotiating trade issues, in the field of developing e-commerce and in the digital field, it is absolutely essential that public servants constantly discuss ideas with the business community. In line with this development, the ASEAN e-commerce agreement was signed on 12 November 2018 on the sidelines of the 33rd ASEAN Summit and related meetings, which was the first region in the world to conclude an agreement on e-commerce. The agreement is part of the implementation of ASEAN`s 2017-2025 e-commerce work programme. The aim of the agreement is to facilitate cross-border transactions in e-commerce, to help create an environment of trust and confidence in the use of e-commerce, and to deepen cooperation between ASEAN Member States in order to develop and intensify the use of e-commerce to stimulate economic growth and social development in the region.
In the meantime, ASEAN has begun to make progress in another important area by signing an e-commerce agreement. The deal was concluded in November 2018, but the text was finally published last week. Singapore`s Minister of Trade and Industry, Chan Chun Sing, said in his speech that this was the region`s first agreement to facilitate cross-border e-commerce transactions, which should encourage ASEAN countries to encourage paperless transactions. Most of the nearly 2500 MSMEs participating in our Asia Pacific MSME Trade Coalition (AMTC) are active in e-commerce and digital commerce. Although not all of them are based in ASEAN, many people are engaged or supportive of the entire region. Most of them pointed to challenges related to inconsistent trade rules and regulations within ASEAN. E-commerce and digital policy are currently taking place at the national level, within ASEAN, with ASEAN and its dialogue partners within the framework of the Comprehensive Regional Economic Partnership (RCEP) in Asia and even in Geneva as part of a World Trade Organization (WTO) initiative. Given the excessive importance of digital trade in Asia, all ASEAN members play an important role in the design of future trade agreements, which are important.
With this agreement, ASEAN members plan to cooperate on transaction security, cybersecurity and personal data protection, which could enhance buyer security. However, as with many things in ASEAN, all is not lost. This agreement is the starting point for a new debate on e-commerce and digital commerce. The agreement will be overseen by senior economic officials (SEOM) and implemented by the ASEAN E-Commerce Coordination Committee (ACCEC). CACCC will coordinate with other ASEAN agencies. Singapore`s Minister of Trade and Industry, Chan Chun Sing, said the agreement was reached after nine rounds of negotiations that began in June 2017. “This agreement will help strengthen ASEAN consumer confidence in e-commerce.