UNCITRAL (United Nations Commission On International Trade Law)

Nepal's e-commerce scene is exploding, but a lack of specific regulations is holding it back. The government's draft e-commerce bill aims to change that. This new legislation promises to create a secure and fair online marketplace for businesses and consumers.The bill introduces clear rules for online contracts, cancellations, and product guarantees. It also emphasizes consumer protection through diverse payment methods, transparent delivery timelines, and penalties for non-compliant sellers. The bill opens doors for Nepali businesses to reach global markets by aligning with international standards.The draft e-commerce bill is a crucial first step, but it's not the only factor. Building a thriving e-commerce ecosystem requires government, businesses, and consumers collaboration. Investing in infrastructure, technology, and public awareness will be essential for Nepal to ride the e-commerce wave and become a regional leader in the digital economy.