The last few years have witnessed massive growth and spread of the internet. As internet usage continues to gain a widespread fame, the trend of ecommerce business has been spreading just like a bush fire and now plays a major role in promoting economic growth. Ecommerce has completely changed how people do business and it has been a mighty boom. Ranging from cottage industries to big corporations, all businesses seem to have taken up the online platform and have opened their services and products to worldwide audience.
Generally speaking, e-commerce is associated with the buying and selling of products over the internet. This technique involves sale of products online. An attractive website together with an e-commerce store is needed to put what you are selling online. Recent days have also seen the increased growth of other media of trade like the telephone, fax, television and even electronic payment. All these have played a great role in boosting the boom of ecommerce business since businesses are nowadays a major part of the economy. In addition, WTO is now considering how it can bring order into multilateral trade framework as well as which regulations or rules it should apply. (more…)