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UN report: Bangladesh to get e-commerce boost from strong digital foundation
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UN report: Bangladesh to get e-commerce boost from strong digital foundation

Assessment by the UN found Bangladesh has laid an essential foundation for a technology-driven and skill-based digital economy

Bangladesh stands to capitalize on improvements made by the country to bolster e-commerce-friendly infrastructure, according to a United Nations Conference on Trade and Development (Unctad) report.

The report informs about Bangladesh’s readiness to conduct electronic trade, presented to government representatives during an event on the opening day of Unctad’s eCommerce Week 2019, held in Geneva, Switzerland on Monday.

The Rapid eTrade Readiness Assessment by UN found that Bangladesh has laid an essential foundation for a technology-driven and skill-based digital economy, but still needs to introduce a comprehensive national e-commerce strategy and improve delivery logistics.

While receiving the assessment, Minister of Post, Telecommunication and Information Technology, Mustafa Jabbar, said: “All commercial activities are going to be digital, and all current business laws, regulations, and policies are to be made compatible with the digital commerce revolution,”

Completed by Unctad at the request of the Bangladeshi government, the assessment pinpoints crucial improvements that will help the nation deliver on its e-commerce hopes, which include: advances in telecommunications infrastructure; trade logistics; payment solutions; laws and regulations; skills development; and financing that can accelerate e-commerce and spread its benefits throughout the economy.

Shamika N Sirimanne, director of Unctad’s Division on Technology and Logistics, said this e-Trade Readiness Assessment recognizes growth and employment gains yet to be “made by a comprehensive pivot to e-commerce.”