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WTO OMC SYMPOSION “Why Trade Facilitation is Important”

Explore the importance of trade facilitation in today's world of commerce from an eBay perspective. Discover how technology tools, such as search software, trust applications, and visibility platforms, enable businesses to connect with global markets and expand their reach. This symposium highlights the inclusiveness and accessibility of online trade, showcasing the ease with which small and large sellers can engage in exporting. By embracing technology-enabled trade, the global economy can benefit from welfare gains and increased market shares. Learn how Commerce 3.0 is transforming the way we trade, benefiting small firms and consumers alike.

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WTO OMC SYMPOSION “Why Trade Facilitation is Important”

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  1. WTO OMC SYMPOSION “Why Trade Facilitation is Important” An eBay Perspective on Today’s Trade and Opportunities Hanne Melin Legislative Counsel Europe

  2. What is “world trade” today?

  3. SNAPSHOT OF THE NEW TRADE technology tools find & be found search software as service trust applications visibility platforms digital intermediaries inclusiveness ‘anywhere, anytime’ local global mobile

  4. Using technology to “shrink” the world... Distance matters less online Distance is “dying” faster online

  5. ... making global markets reachable ... A remarkable high share of online sellers engage in export

  6. ... and making exporting a reality... Contrasting online and offline behaviour

  7. ... for both small and large firms... Exporting online is as easy for small sellers as for large sellers

  8. Moving in the direction of open, technology-enabled trade benefits the world economy OPPORTUNITIES IDENTIFIED

  9. Capturing market shares faster ... Combined market shares of new entrants:

  10. ... and growing successfully over time Reaching market shares close to established firms within a few years:

  11. Welfare gains from trade liberalisation Welfare gains moving from a “closed” to an “open economy”:

  12. Welfare gains from trading at lower online costs Welfare losses if offline trade costs are applied to eBay transactions:

  13. CONCLUSION We call the new world trade Commerce 3.0 Benefits accrue also to small firms and consumers Correlation between low GDP and significant welfare gains from opening up the economy to online trade Using technology to connect markets, businesses and individuals

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