Tech and Teen
  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog
  • Technology
  • Business
  • Sports
  • Entertainments

Tech and Teen

  • Technology
  • Teen
  • Entertainment
  • Sports
  • Politics
  • Business
  • World
  • Multimedia
  • IT HOT
  • Blog

E-Commerce Progression in Bangladesh

by Tech and Teen July 30, 2018
written by Tech and Teen July 30, 2018
E-Commerce Progression in Bangladesh

Bangladesh is running very fast in the E-commerce sector like many others. Recent UNCTAD business-to-consumer electronic-commerce index report mentioned Bangladesh E-commerce is in high spree and It would be highly successful locally. The Report mentioned, For example, in Bangladesh and Cambodia, new e-commerce sites are targeting the domestic market, enabling consumers to browse and order products online. In sub-Saharan Africa, various solutions have been adapted to facilitate commerce over feature phones, and many gateways have emerged that can facilitate payment for e-commerce via mobile phones.

UNCTAD designs business-to-consumer electronic-commerce index and describes, E-commerce finally taking off in developing countries. It reported Small European countries top the ranking of 130 economies according to their readiness for business-to-consumer (B2C) e-commerce, a new UNCTAD study shows. According to a new UNCTAD B2C E-commerce Index included in the study, the highest e-commerce readiness is found in Luxembourg, Norway and Finland.
Among developing and emerging economies, the front-runners are all in East Asia, namely the Republic of Korea, Hong Kong (China) and Singapore (see table). Meanwhile, in terms of actual levels of online shopping, countries with large populations – such as Brazil, China and the Russian Federation – are performing better than predicted, suggesting that large markets facilitate e-commerce.
The Information Economy Report 20151, subtitled “Unlocking the Potential of E-commerce for Developing Countries”, was released on 24 March. Its B2C E-commerce Index draws on data on Internet use, secure servers, credit card penetration and postal delivery. Assessing e commerce readiness can serve as a first step towards formulating a national e-commerce strategy.
The Index allows countries to identify their relative strengths and weaknesses. For example, in Latin America and the Caribbean and in Asia and Oceania, extending postal home delivery is particularly important. In Africa, e-commerce readiness is hampered especially by low Internet penetration levels.
“As the digital economy expands and more business activities are affected, it becomes more important for Governments to consider policies that can help to harness e-commerce for sustainable development,” UNCTAD Secretary-General Mukhisa Kituyi said.

Global e-commerce is expanding and evolving

Global B2C e-commerce is valued at about $1.2 trillion. While considerably smaller than business-to-business (B2B) e-commerce, valued at more than $15 trillion, this segment is growing faster, especially in Asia and Africa. This area also offers high potential for growth of e-commerce in developing countries.
Developing and transition economies are expected to account for almost 40 per cent of global B2C e commerce by 2018, while the share of developed countries is set to fall from more than 70 per cent to about 60 per cent, according to market estimates. China has emerged as the largest global market for B2C e-commerce, measured both by online buyers and by revenue. Between 2013 and 2018, the share of the Asia and Oceania region in global B2C e-commerce is expected to surge from 28 per cent to 37 per cent, while that of the Middle East and Africa is set to grow slightly from 2.2 per cent to 2.5 per cent.
The extent to which people buy online still varies greatly. The share of individuals who have made an online purchase was for example only 2 per cent in Mexico and Thailand, and more than 60 per cent in some developed countries. Unlike social networking, where activity rates are relatively high among developing countries, the share of Internet users who buy online is generally lower there than in developed countries (see figure). This may reflect limited purchasing power and other mitigating factors such as a lack of trust, limited shopping options and poor delivery services.
The report highlights that developing countries as a group are assuming a more prominent role as both buyers and sellers of goods and services online. Meanwhile, increased reliance on e-commerce generates significant gains for consumers and productivity gains for enterprises selling over the Internet.
Greater opportunities for developing countries to engage in e-commerce
The UNCTAD report notes that the scope for developing countries to participate in and benefit from e commerce is expanding. First, connectivity has improved, with widespread uptake of mobile telephones, social media and rising levels of Internet use. Second, new e-commerce applications, platforms and payment solutions are making it easier to engage in e-commerce. Third, local e companies with e-commerce services tailored to local demands are rapidly appearing in developing countries, including in least developed countries.
At the same time, asymmetric access to major market places and e-commerce platforms may accentuate existing imbalances in e-commerce trade. Merchants in many developing countries do not enjoy equal access to these market places. Data from the Universal Postal Union on cross-border postal traffic of small packets, parcels and packages also show that while developed countries, and Asia and Oceania, run significant trade surpluses, Latin America and transition economies import much more than they export.
Unlocking the e-commerce potential requires national and international policy responses
In order to unlock the potential of e-commerce, the UNCTAD report calls for policies that can help to harness e-commerce for sustainable development. Key policy areas include the development of information and communications technology infrastructure, logistics and trade facilitation, the legal and regulatory environment (UNCTAD/PRESS/PR/2015/4), e-payments, and platform and skills development in combination with an enabling international environment.

International dialogue and cooperation are also crucial to promote the smooth exchange of e commerce while at the same time spreading benefits of e-commerce more widely. Special attention may need to be given to international trade rules, taxation and capacity-building.

0 comment
0
FacebookTwitterGoogle +PinterestLinkedinWhatsapp
previous post
Mostafa Kamal resigned from ICC President post
next post
Help a programmer to live

related posts

Microsoft brings Cloud Innovation Summit to Dhaka

April 27, 2019

Record TV sells

July 31, 2018

Dhamaka joins hand with Paperfly for Nationwide Doorstep...

February 12, 2021

Walton achieves UK based RoSPA Gold Award

July 3, 2022

Walton new model washing machine price

April 24, 2022

bKash becomes the Best Brand of the country...

January 4, 2021

Oracle Corporation’s earning per share in Q2 rises...

December 19, 2018

Walton refrigerator gets ‘Best Brand Award’ for 8th...

January 1, 2022

Walton posts robust sales of its home appliances...

December 23, 2018

edotco inks deal with InterCloud

July 31, 2018

Walton’s new model AC consumes Tk 2.88  per...

March 1, 2021

MICROSOFT DEVICES AND GRAMEENPHONE SIGN STRATEGIC PARTNER MOU

July 30, 2018

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • Grameenphone, Symphony partners to launch affordable 4G smartphone

    August 28, 2023
  • Xiaomi’s crystal glass-designed Redmi 12 in Bangladesh

    August 25, 2023
  • Re-commerce startup ExchangeKori launched

    August 25, 2023
  • realme’s Founder and CEOSky Li shares open letter for all its admirers and users

    August 13, 2023

Popular Posts

  • 1

    TikTok has released its latest Community Guidelines Enforcement Report

  • 2

    WhatsApp enabled Nokia 6300 4G launched price in Bangladesh

  • 3

    New EC of e-CAB sworn

  • 4

    V27e with Aura Light Portrait in Bangladesh

  • 5

    3 New headphone of Microlab in the market

Archives

  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • April 2023
  • March 2023
  • February 2023
  • January 2023
  • December 2022
  • November 2022
  • October 2022
  • September 2022
  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018

Mobiles

  • Grameenphone, Symphony partners to launch affordable 4G smartphone

  • Xiaomi’s crystal glass-designed Redmi 12 in Bangladesh

  • vivo Y27: An affordable elite look

  • realme brings in C53 from its Champion series 

  • TECNO CAMON FASHION FESTIVAL: BRINGING FASHION AND TECHNOLOGY TOGETHER IN STYLE

Popular Posts

  • 1

    Carmudi Relaunches its Website for General Users

  • 2

    Cash vouchers, free products offered in Marcel Digital Campaign

  • 3

    Cashback on Marcel AC for Facebook post, caller tune

  • 4

    Smart Software Night held at BICC

  • 5

    Bikroy Brings Exciting “Boishakhi Deals 1426” on the Bangla New Year

About Us

Techandteen is the vibrant tech news site in Bangladesh. It provides new tech news and latest tech news and reviews for teenagers. As a tech blog techandteen is also popular tech site and best tech site in Dhaka. We accept Guest Posts and paid Promotions.

Email : shiningbd2014@gmail.com

Dhaka, Bangladesh

Phone :  +88 00 5555

Popular Posts

  • 1

    WhatsApp enabled Nokia 6300 4G launched price in Bangladesh

  • 2

    V27e with Aura Light Portrait in Bangladesh

Follow us on Facebook

  • Facebook
  • Twitter
  • Google +
  • Instagram
  • Linkedin
  • Youtube
  • Technology
  • Teen
  • Business
  • Privacy Policy
  • Multimedia
  • Sports
  • Entertainments

@ 2018-2022 - Tech and Teen. All Right Reserved.
Developed By: Deshi Hosting, Amjhupi, Meherpur.