Dhaka Chamber of Commerce and Industry (DCCI) President Shams Mahmud said, “Currently, the size of the e-commerce sector in Bangladesh is about 2 billion dollars and it is growing at an annual rate of 50 percent.”

Meanwhile, the size of the e-commerce market in Bangladesh has increased by 166 percent in 2020 and the amount of e-commerce sector in the country will reach 3 billion US dollars by 2023, said BASIS President Almas Kabir. He made the remarks at a webinar titled ‘E-Commerce and Consumer Rights in the Covid-19 Situation: Barriers and Recommendations’ organized by the Dhaka Chamber on Tuesday (November 3rd).

Secretary of the Ministry of Commerce. Md. Zafar Uddin was the chief guest and Golam Rahman, President, Consumers Association of Bangladesh (CAB) was the special guest in it.

DCCI President Shams Mahmud said, “Although traditional business sectors have been damaged due to social distance, e-commerce business has developed, but in addition to sustaining the e-commerce sector, it is important to make the sector more organized and protect consumer rights. ‘

Commerce Secretary. Md. Zafar Uddin said, “The popularity of e-commerce in Bangladesh is constantly increasing, but there are several examples of fraud, which everyone should be aware of.”

“Recently, TCB has been buying and selling onions online using digital platforms, which has alleviated the suffering of consumers,” he added.

President of Pathao and Chief Financial Officer (CFO) Fahim Ahmed, Managing Director of Daraz Bangladesh Limited Syed Mostahidul Haque, Managing Director and CEO of Startup Bangladesh Limited Tina Jabin, Md. Humayun Kabi, Executive Director (Payment System) of Bangladesh Bank and Director General of the National Consumer Rights Protection Department Bablu Kumar Saha were present on the occasion.