Bangladesh has $2 billion e-commerce market_ rising at 50% per year
Bangladesh has more than 10 crore internet users_ so there is an immense opportunity for the e-commerce platform to grow and expand. The size of e- commerce market in Bangladesh is about $2 billion and is increasing at 50 per cent per year_ according to Dhaka Chamber of Commerce & Industry (DCCI) president Shams Mahmud. who recently said e-commerce increased remarkably during the pandemic and recommended bringing the e-commerce sector under the government s stimulus package. He suggested strengthening the Bangladesh Standards and Testing Institution (BSTI)_ reducing value-added tax (VAT) and supplementary duty on e-commerce businesses at a logical level_ easing conditions of licensing to formalise e-commerce entities_ introducing 5G technologies and arranging training for entrepreneurs of e-commerce-based small and medium enterprises. Mahmud was speaking at a webinar organised by DCCI `e-commerce and consumer rights in the time of COVID-19: Challenges & Way Forward recently. For effective implementation of National Digital Commerce Policy-2018_ capacity building of concerned stakeholders and their institutional capabilities need to be enhanced_ he added. Ghulam Rahman_ president of Consumers Association of Bangladesh (CAB)_ said Facebook commerce (f- commerce) is also flourishing in the country. He said registration system for f-commerce is needed for monitoring_ according to a DCCI press release. Syed Almas Kabir_ president of the Bangladesh Association of Software and Information Services (BASIS)_ said the f-commerce market size in Bangladesh is worth taka 312 crore. He suggested bringing f-commerce traders under a registration process so that they could be monitored_ regulated and financed.
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