Sri Lanka has signed the United Nations (UN) Convention on the Use of Electronic Communication in International Contracts, known as the Electronic Contracting Convention, at the UN Headquarters recently.
The Sri Lankan Foreign Ministry said the convention enhances legal certainty and commercial predictability in international contracts transacted through electronic communications. It sets the criteria to establish equivalence between electronic communication and paper documents and between electronic authentication methods and handwritten signatures. The Permanent Representative of Sri Lanka to the UN, Prasad Kariyawasam, signed the convention on behalf of Sri Lanka. UN Commission on International Trade Law (UNCITRAL), which has formulated the convention, establishes greater legal certainty through the development of norms and best practices in the field of international contracts, which would contribute towards the growth of Electronic Commerce. Through the legislation, Sri Lanka would harness the potential of Information and Communication Technology (ICT) to the rural masses, by empowering people with the benefits of e-Commerce.