Regulating E-Commerce in Panama

The law regulating electronic commerce in the country became effective with the recent publication in the Official Gazette.

Wednesday, June 3, 2009

Gisela Alvarez de Porras, Minister of Commerce, welcomed the joint work undertaken by the Government and private sector for the regulation of this law.

Additionally, the Minister referred to the use of information technology and the development of electronic commerce, “as tools to facilitate the optimization and competitiveness of Panamanian productive sectors," according to what was published in Prensa.com.

More on this topic

The Superintendency of Securities in Panama

May 2012

The transition of the Comisión Nacional de Valores (National Securities Commission) to the new entity has been affected by administrative and legal difficulties which are causing confusion.

The process is suffering from legal and administrative complications in the absence of a regulation in the new law regulating the securities market, which has led to administrators not making decisions nor responding to consultations, among other problems.

E-Commerce Regulation in Honduras

August 2009

An Electronic Commerce Law project, recently introduced to Congress, aims to guarantee Internet transactions.

Among other things, the law intends to regulate electronic document and signatures, signature certification companies, accreditation processes and documents needing certification for acts and contracts.

$58 million in e-commerce in Guatemala

September 2008

Internet sales have increased in Guatemala, although only 3.3% of the populations makes purchases online.

Guatemalan internet users spend $58 million shopping online in 2007, according to a study on e-commerce (B2C) in Latin America presented by VISA and carried out by América Economía Intelligence.

New law supports development of e-commerce in Guatemala

September 2008

The "Recognition of Electronic Communications and Signatures" Law that was approved and legalizes the recognition of electronic communications and signatures.

With the implementation of this new law, Guatemala will join El Salvador and Costa Rica, two other countries that have adopted similar laws.

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