Electronic Commerce

A term used to indicate the implementation of trading transactions based on electronic devices, particularly the Internet and WWW (World Wide Web – webpages or website). Examples include the display of product images and business information on the website, or contact with customers through email. Electronic commerce has become a priority in international organizations such as APEC, OECD, and WTO. In May 1998, WTO endorsed the Declaration on Global Electronic Commerce, which called for a moratorium on the imposition of customs duties on electronic transactions until the WTO Ministerial Conference in Seattle in 1999. In June 2000, APEC also agreed to cease charging customs duties on electronic transactions.[APEC]

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