ECOM 101 Saudi Electronic University E-Commerce Worksheet

User Generated

snynu

Business Finance

ECOM 101

Saudi electronic university

ECOM

Description

Unformatted Attachment Preview

Saudi Electronic University College of Administrative and Financial Sciences ECOM101 – E-commerce Assignment 2 New E-commerce Law in Saudi Arabia Submission: End of week 10 6 Marks Saudi Arabia’s cabinet passed the e-commerce law in July 2019 to regulate the relationship between the parties in the sector in line with the growth of e-commerce in the country. The new regulation comes as part of the e-commerce council’s initiatives. The ministry of commerce and investment is looking to benefit from the strong growth of ecommerce across the Kingdom under 39 initiatives to enhance infrastructure, payment systems, postal and logistic services. It will also provide a promising market for potential investments in the e-commerce sector. The Kingdom is considered one of the 10 fastest-growing states in e-commerce around the world, with a growth rate exceeding 32 percent per year. E-commerce is also one of the pillars of the Kingdom’s Vision 2030 under the National Transformation Program and a major contributor to its economy. Minister of Commerce and Investment Dr. Majid al-Qasabi said "The e-commerce law bolsters the economy’s position and ability to keep pace with all the world’s changes and modern trading patterns" Requirements: In this assignment you need to prepare essay about the new e-commerce law in Saudi Arabia. • • • • Introduce the main regulations in the new e-commerce law and who are involved? What are the impacts after applying the new law to customers, online business, society and the national economy? What are the benefits of the new regulations to both customers and e-commerce business? Conclude the essay with your opinion about the new e-commerce law. Guidelines for the assignment: ✓ Make sure to include the cover page with all information required. ✓ This is an individual assignment, which is part from your course score. It requires effort, search and critical thinking. ✓ Use font Times New Roman, Calibri or Arial. ✓ Use 1.5 or double line spacing with left Justify all paragraphs. ✓ Use the footer function to insert page number. ✓ Ensure that you follow the APA style in your assignment. ✓ Your word limit should be between 800 to 1000 words.
Purchase answer to see full attachment
Explanation & Answer:
800 Words
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Attached.

Running head: NEW E-COMMERCE LAW

1

New E-commerce Law in Saudi Arabia
Student’s Name
Institution

NEW E-COMMERCE LAW

2
Introduction to the main regulations

The kingdom of South Arabia has introduced a new E-Commerce law which is part of
their vision 2030, to improve and expand the economy (Shaw, AlSamarrai, & Lyndsey, 2019).
The new E-Commerce law aims to boost confidence and to provide protection to customers. This
law consists of 26 articles that enhances the reliability of business activities, protects all the
rights of customers, inspires and develops e-commerce transactions, protect all the rights of the
customer, and shields customers from misleading statements, fraud and deception in a way that it
preserves the rights of both the electronic shopper and the e-commerce traders (Khashoggi &
Nassif, 2019).
The e-commerce law specifies that the merchants who don’t have a commercial
registration have to identify their place of business, document their business through one of the
electronic store documentation podia, and clear up their data through their online store to make
sure the consumer privacy and data are protected (Shaw, AlSamarrai, & Lyndsey, 2019). In years
before, e-commerce merchants in South Arabia didn't have a law regulating them. However,
under the new e-commerce law, the service providers are needed to provide online terms and
conditions of use to the custo...


Anonymous
Great! 10/10 would recommend using Studypool to help you study.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Similar Content

Related Tags