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e-Commerce The Basics
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E-Commerce
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e-Commerce Opportunity in Foreign Trade
What is e-commerce ?

e-commerce is an all pervasive term which may be defined in following way:
Electronic Commerce is the buying and selling of goods and services or the transfer of money over the Internet or an Intranet. This can involve shops, stores, business, banks... anything where monetary transaction takes place.

Why e-commerce

It is now established that use of e-commerce will revolutionize trade and commerce throughout the world. Some of the advantages are:
- Unprecedented market reach in home and abroad
- Significant saving in transaction cost
- Simpler and transparent procedure
- Possible elimination of intermediaries between original producer and end-user

Already, value of e-commerce transactions worldwide are in billions of dollars. This is going to turn to trillions within next few years.


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