New law supports development of e-commerce in Guatemala
The "Recognition of Electronic Communications and Signatures" Law that was approved and legalizes the recognition of electronic communications and signatures.
Friday, September 5, 2008
With the implementation of this new law, Guatemala will join El Salvador and Costa Rica, two other countries that have adopted similar laws.
Transactions or electronic documents will be legally valid starting October 1.
Authorities of the Ministry of the Economy announced the date when the Electronic Signatures Registry (REF) will begin to operate.
Internet sales have increased in Guatemala, although only 3.3% of the populations makes purchases online.
An Electronic Commerce Law project, recently introduced to Congress, aims to guarantee Internet transactions.
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