Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Saudi Arabia's cabinet passed the e-commerce law in July 2019 to regulate the relationship between the parties in the sector in line with the

Saudi Arabia's cabinet passed the e-commerce law in July 2019 to regulate the relationship between the parties in the sector in line with the growth of e-commerce in the country. The new regulation comes as part of the e-commerce council's initiatives. The ministry of commerce and investment is looking to benefit from the strong growth of e- commerce across the Kingdom under 39 initiatives to enhance infrastructure, payment systems, postal and logistic services. It will also provide a promising market for potential investments in the e-commerce sector. The Kingdom is considered one of the 10 fastest-growing states in e-commerce around the world, with a growth rate exceeding 32 percent per year. E-commerce is also one of the pillars of the Kingdom's Vision 2030 under the National Transformation Program and a major contributor to its economy. Minister of Commerce and Investment Dr. Majid al-Qasabi said "The e-commerce law bolsters the economy's position and ability to keep pace with all the world's changes and modern trading patterns" Requirements: In this assignment you need to prepare essay about the new e-commerce law in Saudi Arabia. Introduce the main regulations in the new e-commerce law and who are involved? What are the impacts after applying the new law to customers, online business, society and the national economy? What are the benefits of the new regulations to both customers and e-commerce business? Conclude the essay with your opinion about the new e-commerce law.

Step by Step Solution

3.42 Rating (146 Votes )

There are 3 Steps involved in it

Step: 1

Answer i In the April 2018 edition of Law Update The Riyal Deal Regulation of eCommerce in Saudi Arabia we wrote about draft ecommerce regulations in Saudi Arabia We are now able to report that Saudi ... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Business Law Principles for Today's Commercial Environment

Authors: David P. Twomey, Marianne M. Jennings, Stephanie M Greene

5th edition

1305575156, 978-1305887657, 1305887654, 978-1305575158

More Books

Students also viewed these General Management questions

Question

1. Offer surprise rewards for good participation in class.

Answered: 1 week ago