Ecommerce is spreading quickly around the world, enabling countries to tap latent sources of growth: companies that can now sell and buy goods and services with greater ease globally; consumers that access a wider variety of goods and services at lower cost.
Spelling death to geographic distance which for centuries has curtailed visibility, trust, and trade between buyers and sellers located far apart, ecommerce enables particularly small and medium-sized companies and small producers to engage in trade.
Opening people across the developing world new opportunities to engage in the global economy, ecommerce is a powerful driver of economic growth, inclusive trade, and job-creation.
On 16 February 2016, Nextrade CEO Kati Suominen presents her concept Aid for eTrade at conference “Unlocking the Potential for Ecommerce in Developing Countries” she has organized with the United Nations Economic Commission for Trade and Development (UNCTAD). The conference, held in Geneva, will be joined by an interdisciplinary group of leaders from multilateral development banks, donor organizations, ecommerce and online payment platforms, policymakers from developing economies, and international organizations.
Detailed in a CSIS policy paper by the author and subject of a panel discussion in the Fifth Global Aid for Trade Review at the WTO in 2015, Aid for eTrade is purported as a new, demand-driven mechanism for leading donors, in partnership with the private sector, to coordinate actions and pool capabilities and resources so as to develop sustainable solutions that accelerate the use of ecommerce in emerging and developing economies.
Suominen's conference paper proposes concrete ways to operationalize Aid for eTrade.