Qatari legislation helped in developing e-commerce, says Sheikh Thani

Tribune news network doha Qatar International Center for Conciliation and Arbitration (QICCA) Board Member for International Relations Sheikh Thani bin Ali...

Tribune news networkdohaQatar International Center for Conciliation and Arbitration (QICCA) Board Member for International Relations Sheikh Thani bin Ali al Thani has participated in the ‘International Innovation Dome Forum for Development and Sustainable Development’ in Amman recently.Held under the theme ‘Digital Economy, Future Economy - Safe Transition to E-Commerce, Reality and Challenges,’ the two-day forum was held under the patronage of the President of the Jordanian Senate Faisal al Fayez.The forum highlighted the safe digital structure and its role in enabling institutions to transform into e-commerce, mechanisms to support and expand the economic contribution of institutions in digital commerce, monitoring and examining challenges of e-commerce transformation and best practices, and presenting national and Arab trade experiences in e-commerce.Addressing the forum’s opening session, Sheikh Thani said developing countries must double efforts to facilitate the development of e-commerce, stressing its role in saving time and money and creating more jobs because it is more efficient than other types of commerce.“E-commerce allows more efficiency and raises productivity, and the spread of e-commerce among the business sector reduces the costs of commercial transactions and improves the management of supply operations, which can contribute to a reduction in prices. “In addition, E-commerce allows logistics providers to expand their services instead of their traditional roles through the e-commerce value chain”, he said.Elaborating Qatar’s e-commerce, Sheikh Thani noted that the State of Qatar was not far from developing e-commerce, adding that it issued many legislations that keep pace with the technical development of this type of commerce such as Transactions and E-Commerce Law, Anti-Cybercrime Law and the law establishing the National Cyber Security Agency.It also issued the E-Commerce document, the first of its kind in the State of Qatar, that drew the broad lines of the current situation of e-commerce in the State, he noted.“Qatar has a suitable environment for the adoption of E-Commerce and has a developed infrastructure for the internet. It ranks first among the highest countries in the world in terms of the deployment of fixed fiber networks and occupies a leading position in the implementation of mobile networks and the fifth generation. “It also ranks second globally out of 175 countries in the internet speed test via mobile networks , and its citizens and residents enjoy high levels of income,” he added.According to a study conducted by Qatar Chamber, he said, the value of e-commerce in Qatar exceeded $ 2.2 billion in 2020 compared to $1.5 billion in 2019, showing an increase of 47 percent, while it is expected to hit $2.3 billion in the current year.