The World’s Largest Online E-commerce Event
UNCTAD E-Commerce Week took place from 1-5 April 2019 in Geneva, Switzerland focusing on the theme ‘From Digitalization to Development’.
Under the mentioned theme “From Digitalization to Development”, this year’s edition of the e-Commerce Week was particularly emphasized the need to break down silos – among institutions, government and policy areas – for an effective contribution of e-commerce towards sustainable development. Sessions were also delve into the need to strengthen current support at all levels.
The event represented a forum where ministers, senior government officials, CEOs and other business representatives, international organizations, development banks, academics, and civil society gathered for multi-stakeholder discussions about developments, opportunities, and risks of the digital economy.
Digitalization is increasingly affecting the world economy. The impact of cross-border data flows on GDP growth is larger than the impact of the traditional flow of goods. Digital transformation has become a key path to economic prosperity. Yet, there is unequal access to technology and skills that would enable societies to take advantage of digitalization. This gap is currently widening, and this threatens the achievement of the SDGs.
New Opportunities for Agribusiness in E-commerce
E-commerce – has emerged as the fastest growing global retail channel in recent years. The online food and drink market shows the greatest gains globally with an anticipated growth of 80% between 2018 and 2022.
Boustan Sabz Agriculture Company believes that entrepreneurship changes people’s lives. That is why the Company shares entrepreneurship ideas, success stories, inspirational news, and tips to get you started on your business, whatever it is. We know that e-commerce can help small and medium-sized enterprises (SMEs) enter new markets and grow exponentially. It can expand choice for consumers. It can enable inclusive growth that benefits society.
The impact of E-commerce on Export
Due to the technological revolution that the telecommunications sector has been experiencing, one of the modalities that has been gaining momentum in commerce both globally and in the region, is the e-commerce. It is estimated that 5% of agricultural trade in the region is carried out using electronic platforms.
When goods are sold online and sent across the globe, companies can face unnecessary red-tape at borders. This makes trading more costly and time-consuming, particularly for SMEs which are often moving many small shipments. These barriers to trade can prevent us from realising the true potential of e-commerce.
When it’s easier to trade, more trade happens, and that’s when the full potential of inclusive growth through e-commerce will really be unlocked.
We gratefully acknowledged the financial contributions from the Governments of Australia, Germany, the Netherlands and the Republic of Korea.
For more information about the event, visit the dedicated web page.