Question

Saudi Arabia’s cabinet passed the e-commerce law in July 2019 to regulate the relationship between the parties in the sector in line with the growth of e-commerce in the country. The new regulation comes as part of the e-commerce council’s initiatives.
The ministry of commerce and investment is looking to benefit from the strong growth of ecommerce across the Kingdom under 39 initiatives to enhance infrastructure, payment systems, postal and logistic services. It will also provide a promising market for potential investments in the e-commerce sector.
The Kingdom is considered one of the 10 fastest-growing states in e-commerce around the world, with a growth rate exceeding 32 percent per year. E-commerce is also one of the pillars of the Kingdom’s Vision 2030 under the National Transformation Program and a major contributor to its economy.
Minister of Commerce and Investment Dr. Majid al-Qasabi said "The e-commerce law bolsters the economy’s position and ability to keep pace with all the world’s changes and modern trading patterns"

Requirements:
In this assignment you need to prepare essay about the new e-commerce law in Saudi Arabia. • Introduce the main regulations in the new e-commerce law and who are involved? • What are the impacts after applying the new law to customers, online business, society and the national economy? • What are the benefits of the new regulations to both customers and e-commerce business? • Conclude the essay with your opinion about the new e-commerce law.

Answer 1

The E-Commerce Law will apply to each one of those giving merchandise or administrations by means of an electronic store inside the KSA or any electronic stage or store that can be gotten to by shoppers in the KSA.

The E-Commerce Law has built up the internet business area by permitting specialist organizations, in the case of having a business enrollment in KSA or not, to offer their products and enterprises to customers on the web. By opening up the online business area as such, the E-Commerce Law intends to invigorate and create web-based business movement while managing the connection between a wide range of specialist organizations and customers.

Under the E-Commerce Law, specialist organizations will be required to give customers online terms and states of utilization, by method for an electronic agreement between the supplier and the client. The specialist organization will likewise need to reveal subtleties of their exchange, the products and enterprises gave and the complete value, which will incorporate all expenses, duties and other related installments. In addition, to further administer the connection among shoppers and professionals in the online business domain, the E-Commerce Law likewise requires specialist organizations to give an electronic warning to make it unmistakable, on the essence of the exchange, that it will tie the cut off client in a legally binding association.

BENEFITS OF E-COMMERCE

Shopper insurance

The Law expects to improve generally speaking shopper trust in web-based business exchanges. It incorporates arrangements expected to ensure shoppers against extortion, misdirection and distortion of data. There is an unmistakable accentuation on the assurance of shopper information, and the E-Commerce Law forces a lawful commitment on the specialist organization to keep up the protection of a buyer's information. Moreover, the E-Commerce Law incorporates an arrangement that purchasers may return products, or end an agreement of administration, got through an online business channel, inside seven days of receipt, in the event that they have not utilized or profited by the merchandise or administrations - aside from specific conditions that are set out in the E-Commerce Law.

Better Market

Internet business is a quick advancing part in the KSA that has seen a constant upwards pattern in the course of the most recent couple of years.

Checking and authorization

The E-Commerce Law has given the power to the MOCI to shape committee(s) to apply correctional measures in case of an individual disregarding arrangements of the E-Commerce Law. The seriousness of the punishments that can be granted compliant with the E-Commerce Law run, contingent upon the infringement, from the violator accepting a simple admonition, to getting money related fine of up to one million Saudi Riyals. Likewise, the board of trustees could arrange for the internet business practice to be suspended, or shut down for all time, or have the site blocked.

Rules and executing guidelines

The E-Commerce Law gives an elevated level audit of the necessities for internet business specialist co-ops and clients and will be joined by "Actualizing Regulations", a draft of which has been given for open conference. MOCI has likewise given rules for consistency with the E-Commerce Law which emphasizes in a disentangled way the necessities and commitments under the E-Commerce Law.

MY VIEW

I see the E-Commerce Law as an extraordinary advance forward in managing web-based business in KSA and fundamental to the computerized change venture. In any case, the E-Commerce Law didn't unmistakably characterize its degree. Does it additionally apply to the offering of money related administrations? Will there be support for creative advanced arrangements that may offer internet business not as center, however as a feature of a greater arrangement, regardless of whether in a sandbox or something else? Does the E-Commerce Law additionally apply to producers who digitized their business stages given the wide feeling of a "customer" in the E-Commerce Law?

The draft Implementing Regulations appear to influence all web-based business offerings in KSA and there are new commitments and enrollment systems acquainted with the market. We speculate that concerned gatherings will adopt a progressively mindful strategy when taking part in internet business in KSA, consequently influencing the development pace of online business in the Saudi market to abstain from falling foul of the arrangements of the E-Commerce Law and the Implementing Regulations.