E-Commerce – Unlocking Economic Growth in Southeast Asia

On Tuesday morning, the Financial and ICT Committees discussed about E-Commerce. The speakers of the session included Government Relations & Corporate Affairs, AUNZ, eBay Kristen Foster and Public Affairs Lead for North Asia and APAC Partnetships, UPS Asia Pacific Kim Le.

 

According to a study done by AT Kearney e-commerce has tremendous potential for the ASEAN region.  The survey, Lifting Barriers for e-commerce in ASEAN, discusses five key areas to help e-commerce thrive in ASEAN.  These include expanded broadband access, supporting the emergence of local players, enhancing online security, promoting e-payments and improving the logistics and trade efficiency.  The report suggests that focusing on these five key areas and identifying ways to improve will help the ASEAN region grow e-commerce.  Today the biggest economies in ASEAN account less than 1% of online global commerce whereas they account for 3-4% of global GDP and 8 % of the global population.  The e-commerce market has the potential to grow more than 25% per annum with the right policy environment and better ICT infrastructure in ASEAN. Today’s panel will showcase the impact e-commerce platforms are having in ASEAN and take a look at the current regulatory environment that is important for e-commerce to thrive.

 

Lifting Barriers for e-commerce in ASEAN

Lifting Barriers for e-commerce in ASEAN

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Jeff Paine

Jeff Paine

Public Sector (PS) Engage

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Financial Services Committee

The Committee enables exchange of information on local and regional financial issues through presentations by speakers and informal networking opportunities. Representatives of major American and international financial institutions also exchange views on issues for potential advocacy to local or regional authorities.
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