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Iraq is discussing with an international organization the adoption of electronic commerce and the development of the digital economy

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Iraq is discussing with an international organization the adoption of electronic commerce and the development of the digital economy

2019/07/28 16:46 371 Editor: amm
Baghdad today - Baghdad


On Sunday, the Ministry of Commerce held a high-level dialogue session on the Iraq e-commerce readiness assessment program in cooperation with the United Nations Development Program (UNCTAD) aimed at developing e-commerce and the digital economy in Iraq.

The Director General of the Foreign Economic Relations Department at the Ministry, Adel Khudair Masoudi, said in a statement received by Baghdad today that "the technological progress in the field of communications, development and means of communication witnessed by the world today allowed the possibility of conducting e-commerce operations that help to develop internal and external trade, Procedures and routines, and provide time and speed to reach the consumer if the intended destination and therefore the organization of this process according to legal frameworks and procedural and statistical help in the sale and purchase of products by electronic means.

He pointed out that "the establishment by Iraq of a legal framework for electronic commerce is a key element in the organization of this sector to take the commercial area in the reality of the Iraqi economy and contribute to increase the volume of trade exchange of import and export with all countries of the world, especially as Iraq seeks to join the World Trade Organization, Electronic one of its pillars".

For his part, the assistant director general of the Department of Development and the private sector in trade that "the digital age in which the Internet is spreading a huge spread of the concept of electronic commerce, one of the modern expressions that have entered into our daily life, so that they are used in many life activities which are Link to the revolution of information and communication technology".

"E-commerce is not limited to sales, buying and services through the Internet and the subsequent financial adjustments, but it involves much more than it has expanded to include the operations and sale of the same information."

"We are witnessing high digitization in some parts of the world, which is evident from the increasing role of massive data, cloud computing, Internet stuff and artificial intelligence.

At the same time, in other parts of the world, billions of people and most companies have not started," said Cecil Barbie Shami, In climbing the first class of the digital ladder."

"E-commerce continues to expand, showing our latest estimates that global e-commerce sales have risen to $29 trillion in 2017, while $26 trillion in 2016," she said.

"We are also seeing rapid growth of cross-border e-commerce, for example, from $1.3 billion "People who bought online in 2017 had 21 percent of the stake they bought from abroad, up from 15 percent in 2015 and every country in the world is keen to embrace digital technology and face opportunities and challenges."

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