Digital Trade in MENA : Regulatory Readiness Assessment

A strong regulatory framework can provide essential tools for remote transactions and improve trust in digital trade. Yet, regulations can also introduce restrictions that hamper the conditions for digital markets. Based on a database of 20 Middle...

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Main Authors:	Daza Jaller, Lillyana, Molinuevo, Martin
Format:	Working Paper
Language:	English
Published:	World Bank, Washington, DC 2020
Subjects:	E-COMMERCE DIGITAL MARKET DATA POLICY REGULATORY FRAMEWORK DIGITAL TRADE TRADE POLICY CYBERSECURITY CONSUMER PROTECTION E-SIGNATURE
Online Access:	http://documents.worldbank.org/curated/en/786271585574266618/Digital-Trade-in-MENA-Regulatory-Readiness-Assessment http://hdl.handle.net/10986/33521

id	okr-10986-33521
recordtype	oai_dc
spelling	okr-10986-335212022-09-20T00:11:28Z Digital Trade in MENA : Regulatory Readiness Assessment Daza Jaller, Lillyana Molinuevo, Martin E-COMMERCE DIGITAL MARKET DATA POLICY REGULATORY FRAMEWORK DIGITAL TRADE TRADE POLICY CYBERSECURITY CONSUMER PROTECTION E-SIGNATURE A strong regulatory framework can provide essential tools for remote transactions and improve trust in digital trade. Yet, regulations can also introduce restrictions that hamper the conditions for digital markets. Based on a database of 20 Middle East and North Africa countries and 20 comparator countries around the world, this paper shows that the Middle East and North Africa region is falling behind in establishing a modern governance framework for the digital economy. The analysis focuses on a set of regulatory areas, including electronic documentation and signature, online consumer protection, data governance, cybersecurity, and intermediary liability regulations. It assesses each country's domestic regulatory framework in light of recent international trends and regulatory models. The study shows that regulation of digital markets in countries in the region is still in its infancy, being mostly governed by general laws that were not originally intended for the digital era. Some countries have tried to support an export-oriented information technology sector by keeping an updated regulatory framework. However, regulation in most countries in the region, regardless of their level of development, still features some major loopholes that can limit consumer trust in digital markets or reduce certainty -- and increase costs -- for digital businesses. 2020-04-02T18:53:34Z 2020-04-02T18:53:34Z 2020-03 Working Paper http://documents.worldbank.org/curated/en/786271585574266618/Digital-Trade-in-MENA-Regulatory-Readiness-Assessment http://hdl.handle.net/10986/33521 English Policy Research Working Paper;No. 9199 CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Publications & Research Publications & Research :: Policy Research Working Paper Middle East and North Africa Middle East North Africa
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	E-COMMERCE DIGITAL MARKET DATA POLICY REGULATORY FRAMEWORK DIGITAL TRADE TRADE POLICY CYBERSECURITY CONSUMER PROTECTION E-SIGNATURE
spellingShingle	E-COMMERCE DIGITAL MARKET DATA POLICY REGULATORY FRAMEWORK DIGITAL TRADE TRADE POLICY CYBERSECURITY CONSUMER PROTECTION E-SIGNATURE Daza Jaller, Lillyana Molinuevo, Martin Digital Trade in MENA : Regulatory Readiness Assessment
geographic_facet	Middle East and North Africa Middle East North Africa
relation	Policy Research Working Paper;No. 9199
description	A strong regulatory framework can provide essential tools for remote transactions and improve trust in digital trade. Yet, regulations can also introduce restrictions that hamper the conditions for digital markets. Based on a database of 20 Middle East and North Africa countries and 20 comparator countries around the world, this paper shows that the Middle East and North Africa region is falling behind in establishing a modern governance framework for the digital economy. The analysis focuses on a set of regulatory areas, including electronic documentation and signature, online consumer protection, data governance, cybersecurity, and intermediary liability regulations. It assesses each country's domestic regulatory framework in light of recent international trends and regulatory models. The study shows that regulation of digital markets in countries in the region is still in its infancy, being mostly governed by general laws that were not originally intended for the digital era. Some countries have tried to support an export-oriented information technology sector by keeping an updated regulatory framework. However, regulation in most countries in the region, regardless of their level of development, still features some major loopholes that can limit consumer trust in digital markets or reduce certainty -- and increase costs -- for digital businesses.
format	Working Paper
author	Daza Jaller, Lillyana Molinuevo, Martin
author_facet	Daza Jaller, Lillyana Molinuevo, Martin
author_sort	Daza Jaller, Lillyana
title	Digital Trade in MENA : Regulatory Readiness Assessment
title_short	Digital Trade in MENA : Regulatory Readiness Assessment
title_full	Digital Trade in MENA : Regulatory Readiness Assessment
title_fullStr	Digital Trade in MENA : Regulatory Readiness Assessment
title_full_unstemmed	Digital Trade in MENA : Regulatory Readiness Assessment
title_sort	digital trade in mena : regulatory readiness assessment
publisher	World Bank, Washington, DC
publishDate	2020
url	http://documents.worldbank.org/curated/en/786271585574266618/Digital-Trade-in-MENA-Regulatory-Readiness-Assessment http://hdl.handle.net/10986/33521
_version_	1764478946869510144

Digital Trade in MENA : Regulatory Readiness Assessment

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