Malaysian Regulators Await Terms for E-Commerce Platform Licensing
What happened
The Communications Ministry is ready to license e-commerce platforms under the existing legal framework. However, the ministry is awaiting specific instructions and feedback regarding the terms and conditions from the Domestic Trade and Cost of Living Ministry and the Finance Ministry. These discussions are taking place amid concerns from local retailers about the presence of major China-based e-commerce platforms known for their ultra-low-cost products.
From thestar.com.my
Why it matters
The establishment of these terms and conditions will govern the licensing of e-commerce platforms. The process is part of a larger government initiative aimed at introducing e-commerce reforms to improve international market access.
The government is introducing e-commerce reforms aimed at improving international market access.
From thestar.com.my
Who's involved
Keep exploring
The entities involved
-
finance ministry
type of ministry responsible for government finances and economic policy