Around the world, online sales experience an increase in the demand for counterfeit goods, as customers want to pay a lesser price for branded products. According to a report from the OECD (Organisation for Economic Co-operation and Development) and the EUIPO (European Union’s Intellectual Property Office), this rise in demand reached 3.3% of online sales globally. Research
Global E-commerce Market Ranking 2019
eShopWorld has recently published its 'Global Ecommerce Market Ranking 2019' report. In this report, multiple countries are compared across various criteria such as logistics, average shopper spending and more. It may not come as a surprise to everyone that the United States, China and the United Kingdom form the top-three of this e-commerce market ranking. Japan and Germany
The WTO is working on the modernisation of cross-border e-commerce regulations
According toAxios, the e-commerce market became a 3.5 trillion dollar global market, of which approximately 700 billion dollars is spent on cross-border purchases. However, almost no international or global rules are currently in place. 75 countries have agreed to talk about cross-border e-commerce with the WTO (World Trade Organisation), this month. Global e-commerce is
Online Shoppers in Germany buy more and more in China
Online consumers in Germany buy more and more goods abroad. According to DPD's e-shopper barometer, half of German online shoppers have accessed a foreign webshop to purchase a product cross-border. Overall, the share of online foreign purchases in the German total volume is about 17%. Above all, Germans tend to buy cross-border in Germany. A total of 44% is accrued from
Bank of China to enable payment in Yuan on U.S. e-commerce platforms in 2019
The official Xinhua news agency reports that the Bank of China’s New York branch will enable Chinese firms to receive payment in Yuan rather than Dollars from their sales on U.S. e-commerce platforms this year. Pledging to introduce more services for small and medium-sized enterprises engaged in cross-border trade between the United States and China, executives from the branch