Building a digital economy – News of Bahrain- DT News

Building a digital economy – News of Bahrain- DT News

Bahrain has become the first country in the Middle East and North Africa (MENA) region to ratify a key United Nations convention on electronic communications, helping to enable a new wave of digital business across the region and enhance investor protections.. The United Nations Convention on the Use of Electronic Communications in International Contracts (2005) aims to enhance commercial certainty by ensuring that contracts concluded and other communications exchanged electronically are as valid and enforceable as their traditional paper-based equivalents, and by introducing specific principles surrounding the use of technology during signing processes.. The convention also aims to remove legal obstacles to the use of electronic communications in enacting previous treaties that were created before the widespread use of modern technology.. Bahrain became the 14th country globally to join the treaty, alongside major economies such as Singapore and Russia.. UNCITRAL Working Group IV (Electronic Commerce) secretary Luca Castellani hailed the development.. "The accession of Bahrain to this treaty completes the significant work that the Government of Bahrain and the UNCITRAL secretariat have carried out together to provide the Kingdom with a modern, efficient and effective enabling legal framework for the digital economy," he said..