Whereas the COVID-19 pandemic has caused adversities, many economies have additionally underscored the alternatives that arose from the accelerated use of ICT, e-commerce, and digitalization of processes.
Commerce and Commerce Minister, Faiyaz Koya says the micro, small and medium enterprises have been hit the toughest throughout this pandemic.
Nevertheless, embracing e-commerce on the onset of the pandemic helped some MSMEs pull by means of the disaster.
Talking on the digital “Pacific Regional Workshop on E-Commerce”, Koya highlighted that a lot of initiatives have been introduced within the 2021-22 Nationwide Finances to create a conducive surroundings for e-commerce to develop.
Nevertheless, he says the absence of a regional e-commerce technique is a missed alternative, as with out clear coverage and regulatory frameworks the potential for e-commerce will stay untapped within the area.
He provides the regional e-commerce initiative that was conceptualized in 2018, couldn’t have been realized at a greater time than now.
“Digital connectivity and the digital financial system have an enormous potential and have performed an vital position in offsetting productiveness losses we presently face. There’s a better want for the Pacific to foster digital infrastructure improvement and assist digital financial integration within the Area, as we try to revive the Pacific financial system.”
Koya provides regardless of the uncertainties of the “new regular”, one factor is for certain and that’s that e-commerce is right here to remain.
— to www.fbcnews.com.fj