Bangla $2-bn e-com market rising at 50% per year: DCCI

11 Nov '20

2 min read

Pic: Shutterstock

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.

Fibre2Fashion News Desk (DS)

More Dhaka Chamber of Commerce & Industry News... More E-commerce News - Bangladesh...