Wednesday, February 14, 2018

Lack of Global Rules

Participants at the recent first ever cross-border e-commerce conference held in Beijing, China had a specific goal:  to discuss recent developments, challenges, and opportunities, as well as the enormous potential of digital trade.

Out of the discussions came three key factors that are currently limiting the positive potential of cross-border e-commerce.  They are as follows:
  1. A lack of global rules
  2. Customs solutions for the e-commerce age
  3. Coordination is key
Read the complete Information Economy Report 2017: Digitization, Trade and Development, issued at a United Nations Conference on Trade and Development (UNCTAD), which states 7% of business-to-consumer e-commerce in 2015 crossed national borders, amounting to a total value of around US $189 billion.

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