13 May 2008

Samoa parliamentary committee approves bill for electronic transactions

6:48 am on 13 May 2008

A parliamentary committee has approved a bill aimed at boosting Samoa's competitiveness in international commerce.

The bill promotes the use of commercial electronic transactions in Samoa for international companies.

It has been given the thumbs up by the Education, Science, Communication, and Information Technology Committee.

The bill was based on the recommendations of the International Monetary Fund after a comprehensive assessment of Samoa's Offshore Regulations carried out in 2002.

Samoa International Finance Authority in collaboration with the Trustee Companies promotes Samoa as an international finance centre for their overseas agencies.