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WTO OMC SYMPOSION “Why Trade Facilitation is Important”

WTO OMC SYMPOSION “Why Trade Facilitation is Important”. An eBay Perspective on Today’s Trade and Opportunities. Hanne Melin Legislative Counsel Europe. What is “world trade” today?. SNAPSHOT OF THE NEW TRADE. technology tools. find & be found. search. software as service. trust.

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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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