Expedite drafting of new e-commerce law, says Fuziah

Deputy Domestic Trade and Cost of Living Minister Fuziah Salleh has called for swift drafting of a new e-commerce law to address gaps in the existing Electronic Commerce Act 2006. Speaking on Facebook, Fuziah emphasized the need for consumer protection and fair competition for micro, small, and medium enterprises (MSMEs) and local traders.

She highlighted the importance of updating Malaysia's e-commerce framework to align with technological advancements and evolving consumer and business practices. Fuziah stressed the necessity of protecting MSMEs and local traders while ensuring competitive pricing benefits consumers without causing an imbalance that could threaten local traders' market share and livelihoods.

Foreign sellers engaging with Malaysian consumers must adhere to clear standards and regulations to safeguard consumers from fraud, unsafe products, and disputes. Fuziah also called for clear definitions of responsibilities for e-commerce platforms, given their growing influence on product marketing, sales, and delivery.

Fuziah stressed that foreign participation in the sector should bring added value to Malaysia through investments, job creation, talent development, and technology transfer. She asserted that the objective extends beyond mere low prices, focusing instead on fostering a robust ecosystem where MSMEs and local traders can thrive and compete on a level playing field.

Earlier this week, Prime Minister Anwar Ibrahim announced that the government would expedite the drafting of an e-commerce bill to enhance facilitation and regulation in the sector, in tune with the rapid growth of digital businesses. Anwar emphasized that this measure is crucial for the ordered development of the e-commerce ecosystem while providing support and protection to all stakeholders.