ABOUT THE REGULATION OF THE E-COMMERCE IN IRAQ BY GOLDILOCKS

 GOLDILOCKS

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the meeting of the Diwani Order Committee (24079) to regulate e-commerce in Iraq with the participation of the concerned authorities." 

The meeting dealt with defining the service provider and granting a license. This procedure will be done through an electronic platform accepted by the Ministry of Trade. How this is to take place is through a "system paper" given to the Council of Ministers for approval.

This "regulation paper" will give detailed instruction on how to implement a procedure or policy. In this case, e-commerce is the topic of instruction, and specific details on how to move products through a standardized process will be very important. 

In this case, an e-commerce website will be created to fulfill the above requirements. This website will enable the process of selling physical goods, services, and digital products through the internet, and not, a brick and mortar building. 

An e-commerce website business will be able to process orders, accept payments, manage shipping and logistics, and provide customer service. 

Upon  approval of this system paper from the Council of Ministers, Iraq will be able to begin the process of interfacing their new banking reforms with e-commerce regulations. 

Watch the water.

© Goldilocks

https://cbi.iq/news/view/2612

https://iclg.com/practice-areas/digital-business-laws-and-regulations/usa#amp_tf=From%20%251%24s&aoh=17203859696480&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Ficlg.com%2Fpractice-areas%2Fdigital-business-laws-and-regulations%2Fusa 

https://mailchimp.com/marketing-glossary/ecommerce-website/#:~:text=A%20website%20that%20allows%20people,logistics%2C%20and%20provide%20customer%20service.

https://academia.stackexchange.com/questions/48444/what-is-a-system-paper