• Friday, Jun 05, 2020
  • Last Update : 03:40 pm

Getting with the times

  • Published at 12:00 am August 26th, 2019
E-commerce_digitalization
Photo: BIGSTOCK

Inefficient logistics and limited access to finance are also major challenges

With the promise of remaking the country under its Digital Bangladesh manifesto, the current administration has done quite a lot to push Bangladesh further into the digital sphere.

No longer is our country sitting on the sidelines when it comes to enjoying the benefits of advancing digital infrastructure -- from ride-sharing to online shopping, Bangladesh is now relatively on-par with the rest of the world when it comes to e-commerce.

Despite all the progress we’ve made, the lack of proper policy and the numerous hurdles when it comes to attaining trade licenses are posing major challenges in helping this burgeoning sector truly reach its potential.

The crux of these issues can be chalked up to the fact that, in the existing trade policy, e-commerce is outlined not under the category of business but under information technology, which voids it from being entitled to trade licenses.

This is a major problem.

What’s more, inefficient logistics -- when it comes to taking and making good on deliveries at home and abroad -- and limited access to finance are also major challenges that stand to impede the sector’s progress, a sector that is worth Tk1,800 crore.

If existing policies are not amended to incorporate e-commerce into mainstream business, the sector could end up dying a premature death. Given the fantastic growth we have been witnessing over the last few years, this could end up setting us back to a great degree.

The future is very much digital, and the government has proven that it possesses the gumption to propel Bangladesh into that digital future -- but we will never truly achieve that vision if we don’t get with the times and change our archaic trade policies.

54
53
blogger sharing button blogger
buffer sharing button buffer
diaspora sharing button diaspora
digg sharing button digg
douban sharing button douban
email sharing button email
evernote sharing button evernote
flipboard sharing button flipboard
pocket sharing button getpocket
github sharing button github
gmail sharing button gmail
googlebookmarks sharing button googlebookmarks
hackernews sharing button hackernews
instapaper sharing button instapaper
line sharing button line
linkedin sharing button linkedin
livejournal sharing button livejournal
mailru sharing button mailru
medium sharing button medium
meneame sharing button meneame
messenger sharing button messenger
odnoklassniki sharing button odnoklassniki
pinterest sharing button pinterest
print sharing button print
qzone sharing button qzone
reddit sharing button reddit
refind sharing button refind
renren sharing button renren
skype sharing button skype
snapchat sharing button snapchat
surfingbird sharing button surfingbird
telegram sharing button telegram
tumblr sharing button tumblr
twitter sharing button twitter
vk sharing button vk
wechat sharing button wechat
weibo sharing button weibo
whatsapp sharing button whatsapp
wordpress sharing button wordpress
xing sharing button xing
yahoomail sharing button yahoomail