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New Norms for Cross border e-Commerce

World Customs Organization (WCO) will bring out guidelines on  cross-border e-commerce , with two-fold objective:

•    preventing illegal trade and illicit financial flows.   
•    address the challenges stemming from the  digital divide .

E-commerce is proving to be a “game changer” in global trade that is benefiting small firms and consumers. Thus, there exists a need to identify what is blocking e-commerce trade, and what kind of enabling environment is needed to support developing countries so that they benefit more from e-commerce.

The continuous increase in online trading has raised questions regarding regulation, consumer protection, revenue collection and national security. These questions need a common, broad solution by the international Customs community, together with all relevant stakeholders as a whole.

The guidelines will include:
•    Trade facilitation and simplification of procedures.
•    Safety and security.           
•    Better revenue collection.
•    Measurement and analysis.

This will help countries to realize better revenue collections and will ensure simplified procedures for e-commerce trade.

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