Even as growth of the e-commerce transactions in Bangladesh dropped to 7 per cent in June from 29 per cent in May subsequent to the sector facing many challenges, stakeholders harped on easy regulations, access to finance, transparent automation, inter-ministerial coordination, easy tax structure and cross border digital commerce trade facilitation as keys to foster the growth and development of e-commerce in Bangladesh.
Taking part in a discussion titled, ‘Building a Sustainable Ecosystem for E-commerce’, organised by the Dhaka Chamber of Commerce and Industry (DCCI) and attended by Commerce Secretary Tapan Kanti Ghosh, DCCI President Rizwan Rahman, amongst others, the stakeholders made these observations even as Rizwan Rahman maintained the e-commerce ecosystem had witnessed a massive vibe in the recent past.
Despite some challenges the sector is facing recently, with the intervention of the Government, regulators and stakeholders, a sustainable development will come in the sector, reportedly, maintained the DCCI President even as the Commerce Secretary on his part, reportedly, added that the Government does not want to impose strong regulations upon the sector so that the small entrepreneurs can come onboard easily even as according to an estimated data, in 2020 transaction in the e-commerce business was about US $ 2 billion, which may go up to around US $ 2.5 billion in the current year.
