The law provides:
- Legal recognition of electronic documents, electronic data messages, and electronic signatures;
- Guidelines for retention and storage of documents in electronic form;
- Recognition and validity of electronic contracts;
- Guidelines for use of transport documents in carriage of goods;
- A 2-year mandate for government to have the capability to transact its business electronically;
- The directive for the Department of Trade and Industry to function as the country’s e-commerce authority;
- The penalties to crimes such as hacking, cracking, and piracy offenses;
- Made banking transactions done through ATM switching networks absolute once consummated;
- Parties are given the right to choose the type and level of security methods that suit their needs;
- Mandates RPWeb, a strategy that intends to connect all government offices to the Internet and provide universal access to the general public, to be implemented;
- Made cable, broadcast, and wireless physical infrastructure within the activity of telecommunications;
- Provided guidelines as to when a service provider can be liable;
- All existing laws such as the Consumer Act of the Philippines also applies to e-commerce transactions.
Policies that have been released in 2006 that intends to support the implementation of the Electronic Commerce Law includes:
- Financing for Information Technology Build-Up (SME-FIT) (PDF file)
- DTI Administrative Order #8: Prescribing Guidelines for the Protection of Personal Data in Information and Communication Systems in the Private Sector (PDF file)
- Bangko Sentral ng Pilipinas Circular No. 542: Consumer Protection for Electronic Banking
- DTI-DOF Joint Administrative Order #2: Guidelines Implementing R.A. 8792 on Electronic Payment and Collection System (EPCS) in Government (PDF file)
Learn more about e-commerce in the Philippines by getting the DigitalFilipino.com E-Commerce Workshop E-Book.
For a background on the law's legislative history, get a copy of the Philippine Internet Review: 10 Years of Internet History (1994-2004).