The current draft of the long-awaited e-commerce law is expected to gain the approval of the Council of Ministers before the end of the year, according to a high-ranking official.
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The draft has been under discussion for nearly two years, but it will soon be sent to the Council of Ministers, said Mao Thora, Secretary of State at the Ministry of Commerce.
He said the approval of the draft by a joint ministerial committee has been delayed because of the inclusion of the securities sector.
“We spent about six months discussing whether or not to include the securities market. Finally, we decided to include it because it is a sector that is now quite developed,” Mr Thora said.
Mr Thora said he is unsure regarding the number of times the Council of Ministers will have to meet before approving the draft, but said he expects the law to be passed to the National Assembly before the end of the year.
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.
Drafts of the Competition Law and the Consumer Protection Law are now being reviewed by joint ministerial committees.