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
Made.com is expanding to 4 new countries in Europe
Furniture (r)etailer Made has announced that its sales in the United Kingdom hit the 100 million pound mark for the first time last year. The sales grew by 34% in its home country and international figures went up by 40%. Made.com will expand to multiple countries across Europe in 2019. According to CEO Philippe Chainieux, the increase in sales is because today's consumers
Annual EU Online Sales up 12%
Eurostat has just released the annual retail figures, and average internet sales in the European Union are up by 12%, reports Tamebay. Estonia is leading with a growth of 36%, whereas Finland’s sales deflated by 1% and Portugal was down by 9%. Online sales or sales by mail order have increased enormously in the past decade, and the annual growth of online sales in the EU has
EU and Japan create free trade zone
On February 1st, 2019, a free trade agreement between Japan and the European Union came into force, covering almost one-third of the world's economy, reports dw.com. With the agreement, almost all tariffs on trade between the EU and Japan have been removed. It can save European companies billions of euros in duties each year. With the new deal, duties are no longer to be
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