For decades, the global market has been dominated by big business and the leaders of industry. However, through the power of the Internet and mobile technology, small businesses are now able to reach beyond their local communities and access global markets. As commerce continues to change and evolve and new businesses and entrepreneurs are leveraging the power of the Internet, eBay Inc. is focused on helping small and medium sized businesses access global markets.
The G20 e-Trade Readiness Index is an Economist Intelligence Unit report, commissioned by eBay. The report is based on a quantitative index ranking of countries on the degree to which they encourage—through policy, regulation and infrastructure—cross-border trade using the Internet. The index comprises more than 40 indicators across five thematic categories: investment climate, Internet environment, international trading environment, regulatory and legal framework, and the environment for e-payments. The categories within the index are weighted according to our assumptions of their relative importance in facilitating cross-border trade using the Internet, especially for small and medium-sized enterprises (SMEs).
The index focuses on the G20, though for the purposes of this research we have excluded the EU as a separate entity in the rankings, hence only 19 countries are ranked.
In addition to analysis of the index findings, this report is based on wide-ranging desk research and interviews with experts on the challenges and opportunities in cross-border online trading. The Economist Intelligence Unit bears sole responsibility for the content of this report. The findings do not necessarily reflect the views of the commissioner. Christopher Clague was responsible for the index design. Diane Alarcon was the author of the report and Laurel West was the editor.
This week, John Muller with the eBay Inc.
Last week, German sporting goods manufacturer Adidas, publicly announced that they would be lifting its sales restrictions on the use of eBay and other third-party marketplaces by authorized sellers. As a result, consumers will again be able to purchase Adidas goods from authorized German sellers on eBay and other online platforms.
In upholding our spirit of giving back to the community, PayPal sponsored the Jurong Lake Run again this year, making this the third year in a row that PayPal supported the event. The Jurong Lake Run is one of the flagship events of the Taman Jurong GRC Grassroots organization, the constituency which the Deputy Prime Minister and Finance Minister, Mr Tharman Shanmugaratnam, is an advisor to.
The delegation and co-convenors the Coalition Friends of the Digital Economy group.
Last week eBay and PayPal lead a delegation of Australian retailers and industry to Canberra, to discuss the opportunities and challenges from Internet enabled commerce.
Earlier this month, more than 180 Small and Medium Enterprises (SMEs) in Malaysia attended a one day workshop hosted by the US-ASEAN Business Alliance for Competitive SMEs in Kuala Lumpur that encourages the use of Ecommerce to export globally. eBay Inc. is an active member of the US-ASEAN Business Alliance and representatives from eBay Marketplaces and PayPal highlighted how SMEs can leverage technology to participate in the global market.
Today, eBay Inc. released new research that shows the United Kingdom is a leader when it comes to cross-border trade. According to the eBay Inc. data, UK businesses are currently reaching an average of 39 countries, which is more markets than any other country. In addition, UK sellers reached customers in over 200 different countries and territories in 2013.
In a world that is driven by technology and innovation, global trade is increasing at an unprecedented rate. Businesses in every corner of the world are leveraging Internet and mobile technology to reach consumers that they wouldn’t have otherwise reached. In fact, according to eBay Inc.’s Commerce 3.0 study, over 90 percent of U.S.
Earlier this month, representatives from PayPal Government Relation team, along other industry leaders and EU financial attachés, attended an event hosted by the European Payment Institutions Federation (EPIF) of which PayPal is a leading member.