Experts of Information Technology, businessmen and Egyptian officials, a noticeable recovery in the e-commerce transactions and investment services, to be submitted through e-government, following the activation of the electronic signature law, which enabled this decision was issued this week, as well as a specialized body for the development of the IT industry.
As according to experts, the new law will give legal argument to any document issued by the Internet and be recognized before the courts, and pointed out that the application would be in all transactions, government administrative services, investors and businessmen, such as the various permits and customs services, tax and e-commerce transactions, such as buying and selling and import and export, and the establishment of new companies, trading in the stock market, and banking transactions of all kinds, which would give e-commerce and significant impact, and allows to bypass many obstacles and impediments which have hampered the traditional trade and prevent their growth.
These experts confirmed that the increased base of computer users and Internet users and the interest of businessmen in Egypt and Arab countries to enter information technology in their dealings, will contribute to the recovery of trade through the Internet, especially that the new law provided a large part of the protection of this trade and give them legal status.
And Mohammed al-Masri, vice president of the Federation of Chambers of Commerce, said the terms of the new law will open up through e-commerce merchants to Egypt, who were reluctant to engage in this kind of advanced trade, because of fear of fraud and forgery, adding that the law provided a safe and legal transfer documents and the signing of export and import contracts, and the conclusion of transactions between the parties, without the need for travel and wasted time and effort. He expected to receive the Egyptian e-commerce concern men and Egyptian business organizations during the coming period, which will reflect positively on the dealings of the trade, which is still according to statistics from the Federation of Chambers of Commerce, modest, and noted that the participation of business organizations in the formulation and discuss the terms of the law will make the most of this law in the rehabilitation of trade exchange between Egypt and exporters and importers.
Explained Dr. Raafat Radwan, head of the Information and Decision Support, the nature of the electronic signature, explaining that he means to ascertain the fact that electronic transactions and persons responsible, through electronic communication, where the party deal to send and receive messages and documents using the private or encrypted fingerprint is agreed upon, and prevent strangers, and grant documents and papers of electronic prescription official document legally recognized, which reassures customers through this medium of their rights in the event of a dispute, and this is reflected in the very business dealings. Said Hanan Abdel-Alim, a businessman and chairman of the Chamber of Commerce in Cairo, former law means that the activation of a legislative structure necessary to secure and support the use of the Internet to trade, adding that the trend towards bilateral engagement and collective Arab, African and European law was imperative to activate the electronic signature method for the development of trade and export promotion , especially after the e-commerce has become one of the most important pillars of the development of exports, whether commodity or service in the world. The Nuwara that it will take some time to understand the business way of dealing through the Internet before the conclusion of large transactions using this sophisticated facility.
For his part, Dr. Mohamed Salem, director of the Center for Information Technology of Egypt, the high speed electronic exchanges between Egypt and the outside world, reaching about 400 pulse during the past three years, and their contribution to global communications cables, and double circles linked to the outside world to about 12 A. Service, in addition to the presence of strong internal infrastructure for communications, as well as the legislative structure and good investment, explained that all this will encourage greater reliance on e-commerce as a safe, fast and advanced to promote trade and economic relations Foreign Affairs during the coming period.
According to Dr. Sheriff Hashem, Project Director, Trade and Electronic Business in the Egyptian Ministry of Communications in a recent study, the presence of the electronic signature law is the most important components of the legislative business and e-commerce, as it regulates electronic contracts and the work of payment via smart cards, as well as to identify possible imposing taxes without manipulation.
He added that the volume of e-commerce transactions not to exceed two billion dollars, compared to hundreds of billions of dollars worldwide, stressing the importance of engaging a faster pace in e-commerce as the future pattern of trade which is based on employing the latest technologies in the field of communication and information. He explained that the Arabic e-commerce need to harmonize legislative dealings protect and reassure the customers of which their rights, expected to create an environment for this trade will effectively advanced to the reduction of the growing economic gap between Arab countries and their Western countries, as well as promoting economic and trade cooperation between the Arab countries with each other.
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