E-Commerce in Bangladesh: status, potential and constraints

Abstract

The Internet has opened up a new horizon for trade and commerce, namely electronic commerce (e-commerce). E-commerce entails the use of the Internet in the marketing, identification, payment and delivery of goods and services. This paper highlights the status, statutes, potential and constraints to e-commerce development in Bangladesh. Both the statutory laws as well as the challenges in implementing them are discussed. Major legal, regulatory and institutional constraints to e-commerce are identified. The paper also lists specific policy changes aimed at bringing improvements to the legal and regulatory environment affecting e-commerce. E-commerce is the buying and selling processes supported by electronic means, primarily the internet. It enables new forms of business, as well as new ways of doing business. Many Bangladeshi companies currently distribute their images through the Internet to clients all over the world, but the monetary transactions take place through conventional means. Despite having extensive advantages of doing business through E-Commerce people in our country are reluctant to conduct business in electronic form due to lack of some crucial factors . To avail the sky high opportunity of E-Commerce we are engaged to identify the causes which are hindering our success of E-Commerce. To do so I prepared problem statement this encompasses broad objective and specific objectives. From the specific objective I developed my research hypothesis which will be tested further through questionnaire.