-says Minister Walrond

AN E-Commerce and Transaction Bill is expected to be laid in Parliament soon to help regulate online transactions in the country, according to Minister of Tourism, Industry and Commerce, Oneidge Walrond.

She made this disclosure while speaking at GTT’s launch of its new connectivity project, on Wednesday, at the Guyana Marriott Hotel.

During her remarks, she stated that the government was creating an environment that will allow businesses to thrive and as such will provide the legislative framework for this to happen.

Against this backdrop, Minister Walrond stated that the electronic identification system, and other bills will also provide a digital ecosystem for businesses to thrive.

As such, she said: “The E-Commerce and Transaction Bill that will be laid in parliament in another week or so… it is going to bring regulation to online contracts and transactions and digital payments.

Walrond added that this bill will provide confidence for businesses to take part in these types of transactions.

She went on to note that the government has charted an aggressive agenda to provide the space for businesses and the private sector to continue to grow, which in turn will develop the country’s economy.

Meanwhile, in January 2022, Attorney-General and Minister of Legal Affairs, Anil Nandlall, had said that as Guyana continues its upward development trajectory, the government will continue to pursue a transformative legislative agenda.

At that time, he had said that his ministry would be pursuing legislation that includes the enabling of online transactions in the public sector to help bring Guyana into the modern era.