Unleashing the Power of E-Commerce for Development, Ministerial round table, UNCTAD 14
Categories
Meetings & Events / Conferences / UNCTAD / 14th
Production Date
Video Length
01:28:24
Asset Language
English
Speaker Geographic
KENYA
Summary

Round Table Discussion on the theme "More effective States and more efficient markets". Moderator: Kati Suominen, Coordinator of the Private Sector Advisory Council, Founder and CEO of Nextrade Group and of TradeUp Capital Fund, United States

Description

Panellists:

Khurram Dastgir Khan, Minister for Commerce, Pakistan

François Kanimba, Minister of Trade and Industry, Rwanda

Berna Ozsar Kumcu, Secretary-General, World SME Forum, Turkey

Bob Collymore, CEO, Safaricom, Kenya

Hanne Melin Orbe, Director Global Public Policy, eBay Inc., Switzerland

Leonard Stiegeler, General Manager, Ringier Africa, Switzeland

Ibrahima Diagne, Chairman, African Alliance for E-Commerce, Senegal

ICT (Information and Communications Technology) is a key driver for increased connectivity among people, businesses and markets. It is thus a driver of development. Through improved ICT, new e-commerce and payment solutions have emerged, drastically reducing entry, transaction, and other trade cost for exporters, especially SMEs. B2C (Business-to-Consumer) e-commerce already amounts to 1.2 trillion USD (2013) and B2B (Business-to-Business) e-commerce is estimated at a whopping 15 trillion USD. According to some recent estimates, approximately 12 percent of the global goods trade is conducted via international e-commerce. But the "e-commerce divide" is still wide. Far from all countries have been able to tap its potential. This round table will focus on the policies – including legal and regulatory frameworks – that are needed to unleash the full potential of e-commerce in developing countries.

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