Digital Market Development and Integration Objectives

Posted in EARDIP

In an effort to create an enabling environment for secure and efficient e-commerce system that will ultimately advance digital market integration in the region, the Online Market Development and Integration component has set out the following objectives:

1. Harmonisation of legal and regulatory frameworks

To harmonise legal and regulatory frameworks governing digital trade and e-commerce across the region, fostering a cohesive approach to digital transactions and ensuring consistency in policies.

Expected Outcome
Development and adoption of regionwide legal and governance frameworks for e-commerce, trade, and payment systems, ensuring consistency and coordination in regional digital trade policies.

2. Establishing digital trade-enabling frameworks

To establish a comprehensive framework that enables digital trade, addressing key issues such as mutual recognition of e-signatures, electronic documentation, consumer protection, and online market regulations.

Expected Outcome
Development of a robust and cohesive framework that facilitates digital trade across the region.

3. Enhancing Payment Systems interoperability

To enhance the interoperability of digital payment systems across the region, enabling seamless cross-border transactions for goods, services, and financial inclusion.

Expected Outcome
Improved interoperability of electronic payments, enabling seamless cross-border transactions for goods and services and financial inclusion.

4. Building regional capacity on online trade

To build capacity among policymakers, regulators, and stakeholders in digital trade, governance, and the effective implementation of regional e-commerce strategies.

Expected Outcome
Expansion of digital skills in the region, particularly targeted digital skills training programs, enabling broader participation in the digital economy.