KUSKOP tightens oversight of foreign e-commerce platforms to protect local MSMEs

KUSKOP has tightened its oversight of foreign e-commerce platforms operating in the country to protect local Micro, Small, and Medium Enterprises (MSMEs). This move aims to ensure fair competition and prevent unfair trade practices that could harm domestic businesses.

The tightened oversight is expected to have a significant impact on social commerce in the country, as it will affect how foreign e-commerce platforms operate and interact with local MSMEs. This could lead to increased opportunities for local businesses to thrive and compete in the market, ultimately benefiting the social commerce ecosystem.