The Department of Trade and Industry is committed to facilitate the formulation of the 2020 E-Commerce Roadmap.

The 2020 roadmap is dubbed to be the industry’s blueprint of perfect vision. “The coming years will be bullish for Philippine e-commerce and come 2020, our strategies and plans for the industry will exhibit a 20/20 vision— utterly perfect and accurate,” Undersecretary Prudencio Reyes Jr. declared in the recently concluded E-Commerce Forum.

To formulate the roadmap, DTI is set to conduct a series of Technical Working Group (TWG) meetings this year to gather stakeholders and involve them in the process. “It is important to involve everyone [stakeholders] in the process of coming up with the roadmap. Their active involvement is needed to arrive at an accurate and perfect vision of where the industry is and where it ought to go,” Reyes said. Furthermore, Reyes mentioned that the exchange of ideas between and among stakeholders through the TWG meetings holds the most important part of the process, as it is where the industry can identify its true and correct direction.

The TWG is divided into the pillars of: (a) information security; (b) data privacy; (c) e-payment; (d) consumer protection; and (e) logistics, aimed to develop e-commerce, bring government transactions to the future, decrease corruption by integrating technology, and facilitate ease of doing business.

The DTI initiated the E-Commerce Forum in December 2014 to set the stage toward the formulation of the first Philippine E-Commerce Roadmap. It involved more than 100 distinguished participants from the private and public sectors to guarantee their support.

The Philippine e-commerce has been said to be well and alive, growing to about USD 1 billion or PhP 50 billion in 2014 and expected to grow to USD 2 billion by 2015. Meanwhile, the country’s internet market in 2014 accounted PhP 1.4 trillion or 8-13 percent of the country’s Gross Domestic Product. (END)