The Revolution in Electronic Trade
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Challenges and Opportunities
E
lectronic trade, of essentially global character, comprises a vast spectrum of activities, some of which have been introduced for a long time, but most of them are quite new. In the course of the Internet revolution electronic trade is experimenting an extraordinary boom and a radical transformation. There is an indirect electronic trade (electronic ordering of material goods) as well as the direct electronic trade (on-line delivery of immaterial goods). In a horizon of quick evolution electronic trade encourages the creation of an ample variety of innovate enterprises, markets, and trading communities - and thus is creating new functions and new revenue channels. It also permits trade at low cost between different regions and countries; it encourages competition in the interior market and already is bringing about deep structural modifications.Pace and volume of the advantages we get from electronic trade depend in great measure of the existence of legal up-to-date prescriptions which take fully into account the requirements of the trader and the consumer.
The "Independent European Virtual Chamber of Economy" has realized several EU-directives and in collaboration with the Association EUbulie has created not only a legal concept for e-commerce but also an online arbitration court for quick fulfillment of the legal prescriptions.
Thus enterprises can engage themselves worldwide to observe these codices and therewith cover the required acceptance in respect to their business partners. The external sign therefore is the isg2000 Internet security guaranty that is conferred to serious enterprises by the Association EUbulie for their Internet presence in e-commerce. All holders of the isg2000 quality seal can ensure their customers safe buying via Internet, as the customer only has to accomplish payment via the trustee-account, when he confirms that delivery has been carried out according to contract. In this simple way any abuse can be avoided and every provider may count on receiving his money quickly and at low costs, if the delivery is according to contract. This means not only a great opportunity for European economy; it also is a great chance for bilateral relations, especially for firms in non-member countries..
