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Laws and regulations of electronic transactions in China
First of all, e-commerce is global and should be supported by relevant international laws and regulations. UNCITRAL- The United Nations Commission on International Trade Law set up a working group on electronic commerce to carry out relevant legislative work, and adopted two electronic commerce laws and regulations, the Model Law on Electronic Commerce and the Model Law on Electronic Signature, which were adopted on 1996 and 200 1 respectively.

Secondly, there are more than 20 countries in the world that have formulated e-commerce, such as the Basic Law of E-commerce of South Korea, the Electronic Transaction Law of 1999 of Australia and the Electronic Transaction Law of Singapore. It is particularly worth mentioning that nearly 50 States in the United States have successively formulated laws and regulations on e-commerce. On June 30, 2000, the US Congress also passed the Electronic Signature Act, the purpose of which is to provide legal support for electronic transactions, so as to remove the obstacles involved in the collection and preservation of electronic signatures and electronic documents, including the sending and receiving of other electronic documents.

Finally, China's laws and regulations on e-commerce are still blank, but the relevant legislative work has been going on. At present, there are more than 10 government regulations on computers in China, such as Measures for the Administration of Internet Information Services, Interim Provisions on the Administration of Internet Websites for Publishing News, and Provisions on the Administration of Internet Bulletin Board Services. Although there are no national e-commerce laws and regulations at present, there are still many achievements in local legislation, such as 200 1 Hainan Province's Measures for the Administration of Digital Certificate Certification and Beijing's Interim Measures for the Supervision and Administration of E-commerce in 2002. In September 2003, the first draft of e-commerce laws and regulations in China was born at the 7th China International E-commerce Conference. This draft discusses in detail the protection of consumers' rights and interests, intellectual property rights protection, data visa, network security, e-taxation, CA certification and so on.

E-commerce is a brand-new transaction mode, and the legal issues involved are very complicated. At present, these laws have not yet dealt with such difficult issues as taxation, intellectual property protection, privacy, online payment and jurisdiction over transnational transactions. As for the internationally accepted e-commerce laws and regulations, I am afraid it will take several years, but this will not affect the application of e-commerce. On the contrary, the existing legislation and development of e-commerce provide space for the wider application of e-commerce.