This study examines the legal environment on electronic
transactions along with opportunities and challenges in developing
electronic commerce among members of the Central Asia Regional
Economic Cooperation (CAREC) Program. Digital trade promotion has
been a long-standing priority for CAREC member countries, as part
of their integration into global value chains and economic
diversification. The study makes a case for modernization and
harmonization of legislations of CAREC countries leveraging on
international instruments and best practices for electronic
commerce transactions. Adequate legislation to protect personal
privacy and consumers and combat cybercrime is also crucial.
Finally, institutions must be built with trust, within and among
countries and through regional cooperation.
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