Cambodia will have to wait a little longer to have an E-commerce Law, with lawmakers still working on the latest draft after deciding to include the securities market in the much-anticipated legislation.
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The Ministry of Commerce submitted a draft of the E-commerce Law to the Council of Ministers for approval last year, and it was widely expected that the law would pass in early 2018.
However, lawmakers resumed work on the law recently after it was decided that it should also cover the newly-established securities market, said Mao Thora, Secretary of State at the Ministry of Commerce.
“We are still working on it because we decided to increase its scope by also covering the securities market,” he said.
“Adding the securities markets meant that we had to consult with numerous local and international experts, which is taking a lot of time.”
When asked whether or not the law will gain approval in 2018, he said he was “unsure”.
The latest draft of the E-commerce Law has 12 chapters divided into 90 articles. It covers a wide range of topics, from credit and debit card usage to the use of online signatures to purchase goods over the internet.