Senior Reporter
andrea.perez-sobers@guardian.co.tt
Minister of Trade and Industry Paula Gopee-Scoon says work has started on the drafting of the National E-Commerce Strategy yesterday afternoon.
This, Gopee-Scoon said, is where stakeholders will provide guidance on the overarching components of the strategy, through targeted discussions on the vision and mission, as well as identification of priority areas of focus for T&T.
The minister was speaking at eTrade Ready Validation and E-commerce Strategy Vision Workshop at Hyatt Regency, Port-of-Spain, yesterday.
She said the World Trade Organization has said the rise of the digital economy provides a range of new opportunities for small and medium-sized firms (SMEs) to play a more active role in global value chains.
Gopee-Scoon outlined that e-commerce and digital transformation remain a core area of focus for the Government, as a strong driving force for innovation, growth, trade, and social prosperity.
“With this in mind, the National E-Commerce Strategy should build upon and complement all other Government initiatives in this area, avoiding the duplication of efforts. I understand that national stakeholder interest and involvement in this project has been excellent to date, with participation from a wide cross-section of stakeholders from the public and private sectors, as well as academia. This is testament to the importance of this national initiative and with your support, has the potential to be transformative for T&T’s business community,” the minister said.
Following the Multi-Stakeholder Consultations held in Port-of-Spain in March, Gopee-Scoon said stakeholders have been brought together once again, to assess and validate the findings of T&T’s eTrade Readiness Assessment.
“The assessment presents the gaps, opportunities, and challenges to e-commerce development in T&T across seven policy areas. It is a product of comments shared during that consultation session; along with bilateral meetings; online surveys with the public and private sector and consumers; as well as desk research on other related strategies,” she explained.
The minister outlined that some of the preliminary areas already identified for action include:
• Updated legal and regulatory frameworks;
• Enhanced and co-ordinated logistical system for delivery of goods;
• Strengthened data collection efforts on ICT and e-commerce to inform policy making;
• Affordable online payment solutions;
• Five incubators and digital literacy programmes; and
• Targeted financing programmes for small and medium-sized enterprises.
Gopee-Scoon said this assessment is a blueprint that will inform the development of the National E-Commerce Strategy.
“Therefore, I must stress the importance of your objective and critical input and comments towards ensuring that the document accurately captures the local e-commerce context in your respective areas of focus,” she added.