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E-commerce and Import/export

E-commerce is the acronym for electronics commerce which means executing buying and selling of goods and services (payment processing included) and the associated due diligence on the internet for domestic and global sourcing. Import and export operators were cautious in their initial reaction to the new way of international trade.

-Concerns of International Trade over E-Commerce and Global Sourcing

International trade community was skeptic about e-commerce let alone conducting import/export and global sourcing. It is harsh to blame them for not conducting their regular global sourcing and international trade activities as there were gaping security concerns as there was lack of awareness. E-commerce isn’t all about money transfer and/or credit card processing over internet as was assumed. The present day, e-commerce permits online shopping, e-filing of customs documents enquiry floating and invoicing before a single dollar is transmitted. All these are exact same activities involved in offline import/export in a global sourcing scene with huge amounts of time and labor removed.

More over, the security concerns are effectively addressed specific to private business and money transfer with applications like SSL and firewalls. The SSL technologies are so easy that even freshers can avail them and launch global sourcing if they possess requisite import and export licenses.

-Limitations of E-Commerce in Online Import and Export

Let me declare, the limitations of e-commerce aren’t technical lacunas but inadequacies to the conduct of international trade like global sourcing and import and export. An e-commerce portal failing to convey the value proposition of a sound product defies seller expectation much unlike the focused selling by offline retailers.

Wrongful estimations of resources, timeframe/sequencing are common in an automated import/export supported by e-commerce/global sourcing. Your best efforts, products may not reach the deserving import/ export traders looking for global sourcing unless otherwise followed up by direct marketing.

E-commerce companies in international trade are constantly innovating and have succeeding in their endeavor. Amazon and BizRate are doing not just global sourcing but import and export also through e-commerce backed up by ground operations. If stock/commodities trading and banking around the globe is a success, it’s mainly due to the robust e-commerce. Import and export as well as international trade laws are suitably amended to ensure secure commerce.

Forget the likes of Amazon or BizRate; tiny businessmen are in international trade and are doing import/export besides global sourcing, day in and day out, thanks to e-commerce over the popular website EBay.

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