{"id":86394,"date":"2019-12-17T15:44:30","date_gmt":"2019-12-17T10:14:30","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=12415"},"modified":"2019-12-17T15:44:30","modified_gmt":"2019-12-17T10:14:30","slug":"e-commerce-can-spur-intra-south-asia-trade-world-bank","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/e-commerce-can-spur-intra-south-asia-trade-world-bank\/","title":{"rendered":"E-commerce can spur intra-South Asia trade: World Bank"},"content":{"rendered":"\n<p><strong>News:<\/strong>The World Bank has released a report titled \u201cUnleashing E-Commerce for South Asian Integration\u201d.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><br><\/p>\n\n\n\n<p><strong>Key takeaways from the report:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The report has said that e-commerce can become a driver of growth across South Asia and boost trade among the region\u2019s countries but its potential remains largely untapped.<\/li><li>The online sales in India as a percentage of total retail sales were only 1.6% when compared to 15% in China and around 14% globally.<\/li><li>Hence,increasing the use of e-commerce by consumers and firms in South Asia could potentially help boost competition and firm productivity, and encourage diversification of production and exports.<\/li><\/ul>\n\n\n\n<p><strong>Challenges in E-commerce trade:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Taxes, trade and barriers in export markets<\/li><li>Lack of mutual trust in intra-regional trade<\/li><li>Complicated non-transparent non tariff measures<\/li><li>Constraints over Services trade&nbsp;<\/li><li>Below potential FDI<\/li><li>Lack of regional value chains.<\/li><\/ul>\n\n\n\n<p><strong>Recommendations:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The report has proposed reforms in areas such as payments, delivery, market access regulations, consumer protection and data privacy at the national, regional, and global levels.<\/li><li>The small and medium enterprises in the region could increase their exports, employment by as much as 30% if the countries removes regulatory and logistical challenges to e-commerce.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The World Bank has released a report titled \u201cUnleashing E-Commerce for South Asian Integration\u201d. Facts: Key takeaways from the report: The report has said that e-commerce can become a driver of growth across South Asia and boost trade among the region\u2019s countries but its potential remains largely untapped. The online sales in India as a&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/e-commerce-can-spur-intra-south-asia-trade-world-bank\/\">Continue reading <span class=\"screen-reader-text\">E-commerce can spur intra-South Asia trade: World Bank<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3356,3350],"class_list":["post-86394","post","type-post","status-publish","format-standard","hentry","category-economy","tag-e-commerce","tag-world-bank-report","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704902790},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86394","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=86394"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/86394\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=86394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=86394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=86394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}