Global E-Commerce To Reach $1 Trillion by 2020. Now, We Need Global Rules

How can governments hammer out global rules for e-commerce with long-standing principles? Leaders at the World Economic Forum Annual Meeting in Davos have emphasised a need to address e-commerce barriers, enable connectivity, provide interoperability and standards, and facilitate greater global participation in the global digital economy by developing an inclusive framework for digital trade.

Key Insights:

• Over 70 countries have agreed that by 2020 international ecommerce rules need to be developed for the global digital economy.
• Governments need to facilitate to boost small business opportunities and protect consumers.
• However, differences in free flow data, data protection, tariffs and privacy across borders will be difficult reconcile.