A bill that will recognize electronic business transactions was unanimously approved in Mexico’s lower house last week, a move that could boost e-commerce in the country.
The bill does not require approval by the Mexican Senate. Internet purchase orders will be recognized as binding contracts under the new bill. Currently, such contracts must be signed by the buyer to qualify as legal.
Under the new civil and commercial codes, Internet orders will be equally valid, with the recognition of electronic signatures. The law will require copies of online transaction documents be kept at least 10 years, and that electronically submitted consumer information remain confidential. Also, transactions must comply with existing commerce and advertising standards.
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