TRADE Secretary Alfredo Pascual expressed belief that the newly enacted Internet Transactions Act (ITA) will help boost activities in terms of the digital economy.

Pascual said that the law provides better protection for the consumers when they transact online.

The DTI official said that the law is expected to improve the country’s e-commerce.

“The Internet Transactions Act (ITA) is a landmark measure as it comes at a time when online selling and online buying is now our way of life. The Department expresses its gratitude to President (Ferdinand R.) Marcos Jr. for championing the Internet Transactions Act as one of the 20 priority bills of his administration. We are, likewise, grateful for the firm support of both Houses of Congress, particularly to the legislation’s main sponsors,” Pascual said.

According to the DTI official, the public can be assured of a proper implementation of the law to boost transactions in electronic commerce.

“Under the law, the regulatory framework is set, and powers are provided to DTI that will allow the Department to effectively protect consumers against unfair trade practices done online. We are particularly looking forward to the creation of an e-commerce bureau that will also provide the DTI much-needed resources, both human and financial, in implementing our mandate to develop and promote e-commerce in the country,” the trade chief said.

The law mandated the DTI, through its e-commerce bureau, to create an online database that will provide the government and consumers access to information on businesses with digital operations.