Home / Knowledge / News / Apparel/Garments / Europe to enhance cross-border e-commerce
Europe to enhance cross-border e-commerce
26
Apr '16
The European Commission's Digital Single Market (DSM) agenda, much of which will go into action this year, plans to usher in more of cross-border e-commerce.

Online commerce was worth 368 billion euros ($413 billion) in 2014, and experts say it could be much more valuable in the years ahead if Europe's longstanding barriers to cross-border trade are reduced.

To that end, the DSM proposal includes development of affordable cross-border delivery, reduced VAT burdens on cross-border transactions and other incentives to make the EU a more attractive market for e-commerce merchants and to give the region's consumers more purchasing power.

The EU's DSM is one of the key components of the EU's Europe 2020 programme, all of which support the growth and optimization of the EU's economy.

The European Commission introduced its DSM proposals in May 2015, with most of the plans slated to kick off in 2016. Besides VAT relief for small businesses within the EU and better cross-border parcel delivery, the DSM calls for changes to copyright laws to allow consumers EU-wide access to digital goods, a standardized consumer dispute resolution process, better data privacy rules and broader consumer access to online shopping regardless of location.

The year, the Commission expects to take on the thorny problem of cross-border parcel delivery. Merchants send some 4 billion parcels across the EU each year, but more than 60 per cent of EU-based sellers surveyed by the Commission said that high shipping rates across EU country borders prevent them from selling online. (SH)

Fibre2Fashion News Desk - India

Must ReadView All

Apparel/Garments | On 22nd Mar 2017

Amazon India introduces 'A-Z GST Guide' programme

Amazon India has introduced a programme called 'A-Z GST Guide' to...

Textiles | On 22nd Mar 2017

Dyeing textiles with bacteria

As an alternative to toxic synthetic dyes, scientists are exploring...

Courtesy: BCG

Apparel/Garments | On 22nd Mar 2017

Consumption in India to touch $4 trillion by 2025: Report

Consumption in India is likely to triple to $4 trillion by 2025 as...

Interviews View All

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Shawn Honeycutt
Bolger & O'Hearn

‘The Indian market is interesting and rather persistent in seeking new...

Sachin Sharma
Gem Enviro Management Pvt Ltd

There are no significant differences between virgin yarn and PET recycled...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Kerem Durdag
Biovation II LLC

Kerem Durdag, CEO, Biovation II LLC, provides an insight into future...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search