E-Commerce – Unlocking Economic Growth in Southeast Asia
On Tuesday morning, the Financial Services and ICT Committee discussed about the potential of E-Commerce in Southeast Asia. The speakers for the session included Director, Government Relations & Australia, New Zealand, Japan & South East Asia, eBay Kristen Foster and Public Affairs Lead for North Asia and APAC Partnerships Kim Le.
Kristen Foster presented on international and regional trends in E-Commerce export patterns. She analogized eBay to a shopping mall with an online platform. 57% of eBay’s revenue is international and it aims to increase participation in the global economy by partnering with major retailers, for example, in Australia. Additionally, Kim Le presented on the regulatory framework governing E-Commerce transactions.