Malaysia aims to finalise new e-commerce Bill this year, says domestic trade minister

Batu Kawan, Sept 19 — Malaysia's government plans to finalize the e-commerce Bill this year, according to Domestic Trade and Cost of Living Minister Datuk Armizan Mohd Ali. The ministry has greenlit the policy change to replace the outdated Electronic Commerce Act 2006 with a new, more robust law. Armizan clarified that this endeavour necessitates inter-ministerial coordination and extensive stakeholder engagement, including discussions with e-commerce platforms, service providers, and industry players.

Acknowledging the broad scope of e-commerce, Armizan emphasized the need for thorough examination before finalizing the bill. To expedite the drafting process, two committees have been established, coordinating between the ministry, the Ministry of Communications and the Ministry of Digital. Key matters currently under consideration encompass division of responsibilities among ministries and agencies, regulatory mechanisms for e-commerce platforms, and a regulatory impact assessment (RIA) conducted in collaboration with the Malaysia Productivity Corporation (MPC) prior to submission.

Proposals under deliberation include the introduction of a licensing regime for e-commerce platforms, particularly in light of the surge in overseas goods, consumer safety, and the sustainability of micro, small, and medium enterprises (MSMEs). Armizan stressed the necessity of balanced regulation to safeguard the e-commerce sector's growth, which benefits consumers and provides income for traders. "We aim for more comprehensive and favorable regulation, but we must avoid impeding the growth of e-commerce," he stated.

The government has previously expressed its intention to expedite the e-commerce Bill's drafting to enhance platform regulation and accountability, as the 2006 legislation lacks a comprehensive legal framework to regulate the diverse aspects of e-commerce.