On October 1, 2024, Congress approved the Mercosur Electronic Commerce Agreement, signed in Montevideo on April 29, 2021. This implies some new rules for e-commerce between the bloc’s partners.
Through Law 27768 approved by Congress, it sanctions the Agreement on Mercosur Electronic Commercesigned in Montevideo, Uruguay, on April 29, 2021.
The official document approves a regional agreement on electronic commerce. In simple terms, this means that Argentina joins a pact with other countries in the region (Mercosur) to establish clear and common rules on how products and services will be bought and sold online.
What are the key points of the law?
Firstly, the Law gives formal consent to an agreement that was previously signed with other Mercosur countries. This pact, which is detailed in an annex, establishes the general rules and principles for electronic commerce in the region. Includes topics such as:
- Consumer protection in online purchases
- Security of electronic transactions
- Mutual recognition of digital signatures
- Regulations on online advertising
- Facilities for cross-border trade
The law and its annex will be published in the Official Gazette, which is the official government publication where all laws and decrees are disseminated.
Why is this law important?
As mentioned in the regulations, the measure modernizes the legal framework and Argentina adapts to new forms of commerce, which are increasingly digital.
Furthermore, it indicates that it facilitates electronic commerce by Establishing clear and common rules reduces uncertainty and promotes the development of e-commerce in the region.
It also highlights that the rules established in the agreement seek to ensure that consumers are protected when making purchases online. and is committed to promotion of regional integration: “By coordinating policies on electronic commerce, the Mercosur countries become even more integrated and strengthen their trade relations.”
Finally, the Official Gazette highlights that this law represents an important step for Argentina in the digital era, by providing a solid legal framework for electronic commerce and facilitating regional integration.
Source: Ambito
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