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21 April, 2017 07:10:56 PM
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E-commerce opportunities, challenges to be discussed in Geneva

Unctad hosts e-commerce week Apr 24-28
Independent Online Desk
E-commerce opportunities, challenges to be discussed in Geneva

With a special focus on the implications for developing countries, Unctad's E-Commerce week will be held in Geneva on April 24-28 with the theme ‘Towards Inclusive E-Commerce’.

Over 600 delegates representing 65 countries will attend and speak during the E-commerce Week. 

High-level representatives from eBay, Etsy, FedEx, Jumia, Huawei, Kapruka, PayPal, Ringier, TCS Holdings, Vodafone and other e-commerce businesses will be speaking at the conference and engaging with government representatives and civil society.

The 3rd edition of Unctad's E-Commerce Week comes at a crucial moment where many governments are analysing the impact of the digital economy and e-commerce on global growth.

E-commerce is recognised as an important driver of innovation, competitiveness and growth, and holds huge potential for entrepreneurs and small and medium-sized enterprises (SMEs) worldwide.

Ministers of the participating countries will debate and learn the opportunities and challenges of the digital transformation.

"E-commerce portends well as an enabler of new opportunities, particularly for developing countries," Unctad Secretary-General Mukhisa Kituyi said in a message on Friday.

"Unctad is uniquely positioned to bring together business, government and civil society to grow policy pathways on the opportunities that arise from e-commerce and how best to leverage them for inclusive prosperity," said Dr Kituyi.

New Unctad estimates launched on Friday show global e-commerce at $25 trillion in 2015.

The United States is by far the largest market for business for e-commerce, with combined sales of over $7 trillion in 2015, with Japan and China some distance behind.

The high-level event will set the tone for the rest of the week's discussions, focusing on how developing countries can further engage in e-commerce, and identify concrete actions going forward.

E-commerce week will also launch the new eTrade for all online platform and host the first gathering of stakeholders of “eTrade For All” since the initiative was launched in Nairobi at the Unctad 14 Ministerial Conference in July 2016.

How governments respond will influence people's votes but more importantly, it will impact people's lives.unb

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Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
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Editor : M. Shamsur Rahman
Published by the Editor on behalf of Independent Publications Limited at Media Printers, 446/H, Tejgaon I/A, Dhaka-1215.
Editorial, News & Commercial Offices : Beximco Media Complex, 149-150 Tejgaon I/A, Dhaka-1208, Bangladesh. GPO Box No. 934, Dhaka-1000.

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