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TPP deal signed | Online retail opportunities in China | Global e-commerce

Trans-Pacific Partnership signed in New Zealand

The Trans-Pacific Partnership has been signed by representatives from the 12 member nations: US, Japan, Malaysia, Vietnam, Singapore, Brunei, Australia, New Zealand, Canada, Mexico, Chile and Peru. Together, these countries account for 40 per cent of the global economy.

If it goes ahead, the Trans-Pacific Partnership will further enable trade and investment between the 12 countries, leading to new economic growth. It could also create a new single market akin to the European Union.


45 per cent of UK online retailers fail to seize opportunities in China

Almost half of the UK’s online retail businesses are not making the most of China’s e-commerce market, which is predicted to increase by 50 per cent to US$ 6.5 trillion by 2020.

Worldpay found that 44 per cent of people in China buy from international websites, but only 55 per cent of UK retailers offer shipping to China.

“Retailers need to remove the frictions in the customer experience by providing effective shipping and returns, localised pricing, local currencies, and payment methods with guaranteed landed cost,” advises Nir Debbi, co-founder and CMO at Global-e.

Online opportunities in China

Buying online
How shoppers buy online around the world

A new report from eMarketer, ‘Cross-Border Ecommerce 2016: A Country-by-Country Look at Consumer Behavior and Trends’, shows how online retail varies across 24 countries.

The US showed low levels of cross-border shopping, but 67 per cent of digital buyers in Canada made a cross-border purchase within the past 12 months. The Asia-Pacific region also presents great opportunities: for example, 79.4 per cent of internet users in Australia shop online.

E-commerce makes it easy to reach customers around the world, but it’s important to research each target market carefully.


Thursday 11 February 2015

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