Commerce Minister Tipu Munshi on Saturday said that the government will extend full support to the development of e-Commerce in Bangladesh in line with the Vision 2021 and Digital Bangladesh.
The minister made the pledge while speaking at a virtual seminar on “Post COVID-19: Challenges and Opportunities for Entrepreneurship and Employment in e-Commerce in Bangladesh”.France Bangladesh Chamber of Commerce and Industry (CCIFB) in collaboration with Bangladesh Investment Development Authority (BIDA) and e-Commerce Association of Bangladesh (e-CAB) organised the virtual seminar.
Speaking at the programme, Tipu Munshi said that the current volume of world e-Commerce is $3.5 trillion and is expected to reach to $4.5 Trillion in 2021, where Bangladesh has huge potential for improvement.
“The government has already formulated National Digital Commerce Policy and launched its own satellite, Bangabandhu Satellite – 1 to expedite the realization of Digital Bangladesh,” he added.
CCIFB president Syed Mahmudul Huq mentioned that the present COVID-19 crisis has resulted in unprecedented economic disruptions, negative fallout on production processes and impacting adversely their trade related activities.
These prompted the industry to seek e-trade solutions and greater utilization of IT and digital techniques for ensuring sustained economic activities including trade and job creation, said Mahmudul Huq.
He emphasized on combined efforts of the Government, the private sector, Bangladesh expatriates with relevant experience and competence and the development partners for the purpose.“The current e-commerce market in Bangladesh stood to $2.77 billion and it will be $3.77 billion. Coordinated and planned efforts of a2i and e-Commerce cell and BIDA are required to work for ease of doing business and facilitate further expansion of freelancing and out-sourcing businesses,” Muhammad Abdul Wahed Tomal, Secretary General, e-Commerce Association said.
The Managing Director of Daraz Bangladesh Limited Syed Mostahidal Hoq shared his views on the perspective of Alibaba on current e-commerce outlook and their expectation of its future growth.
He pleaded for issuance of trade license for e-commerce traders working from home and special rate of VAT for promotion of e-Commerce.
The Executive Chairman of BIDA Sirazul Islam appreciated the recommendations made by the speakers in the webinar and assured his full support to the ease of doing business and creating an enabling environment for investments in e-commerce sector.
Md. Hafizur Rahman, Director General of WTO Cell and Coordinator of the Central Digital Commerce Cell in Ministry of Commerce made the key note presentation in the webinar and highlighted the needs to address the issues towards development of e-Commerce, both domestic and international.