TechInPacific – The new Electronic Transactions Bill is being considered by the Honorable Booti Nauan, Minister for Commerce, Industry and Cooperatives (MCIC) and welcomed by the Tourism Authority of Kiribati (TAK).
According to Honourable Booti Nauan, the Bill is a long-term development plans outlined in the Kiribati 20-Year Vision 2016-2036 (KV20). It’s part of the Government objective in regulating electronic transaction and enabling electronic communications in commercial dealings.
The geographical and infrastructure challenges that the country faced is a considered factor into the bill adoption.
Implementing the bill will regard Kiribati as one of the first countries in the world to practice the UNCITRAL Model Law on Electronic Transferable Records-based bill.
Second reading of the bill will take place on this year’s latter half.