Home / Knowledge / News / Apparel/Garments / USITC publishes report on online domestic & global trade
USITC publishes report on online domestic & global trade
Sep '14
The U.S. International Trade Commission (USITC) has published the ‘Digital Trade in the US and Global Economies Part-2’ report to understand the role of digital trade—domestic commerce and international trade conducted via the Internet—in the US and global economies, as well as the effects of barriers and impediments to digital trade that impede US’ access to global markets.

According to the report, digital trade, which includes domestic commerce and international trade via Internet, has changed the US economy and business operations.

Localization requirements, market access limits, data privacy and protection requirements, intellectual property rights infringement, uncertain legal liability rules, and customs measures in other countries present obstacles to e-commerce by US digitally intensive firms, according to the report.

According to survey results, the most substantial barrier by for e-commerce in the retail sector is compliance with customer requirements. Retail firms expected that their sales abroad would be positively affected by the removal of foreign barriers to digital trade, according to survey results.

The manufacturing, retail trade, and wholesale trade sectors had the largest values of online sales that were physically delivered, the report says. Retail trade worth US$ 17.7 billion had the largest share of digitally and physically delivered imports that had been ordered online in 2012.

The Internet has also enhanced retail firms’ ability to match competitor offerings. In 2012, retail sector comprised of 70 percent of the firms advertising online. Many firms use multiple social networks for marketing, promotion, and advertising for lowering their costs and for reaching potential customers. Retail sector was one of the firms with the largest share of social media accounts.

Majority of the retail companies use mobile apps and websites intended specifically for use of a smart phone or table for digital trade.

According to the survey conducted by USITC, more than 40 percent of companies in the US are involved in digital trade. Without the Internet, there will be a loss of 15 percent in the productivity.

The report features ten case studies describing how Internet-based economic activity has created new or improved business opportunities.

The case studies explain how companies and consumers use the massive amounts of data currently available over the Internet to develop innovative products and services and to enhance productivity. (GK)

Fibre2fashion News Desk - India

Must ReadView All

Courtesy: UPM Raflatac

Apparel/Garments | On 17th Jan 2017

New residue free textile label adhesive from UPM Raflatac

Producer of self adhesive label materials UPM Raflatac, has...

Courtesy: Authentic Brands Group

Apparel/Garments | On 17th Jan 2017

Teen retailer Aéropostale reopens 500 stores in US

Teen apparel retailer Aéropostale has reopened 500 stores in the US,...

Courtesy: Centric Software

Information Technology | On 17th Jan 2017

Centric releases version 6.0 of PLM solution

Centric Software, the leading PLM solution for fashion, retail,...

Interviews View All

Ajay Ghariwala
Luthra Group

We are ready to adopt or follow every opportunity

Studio Priyanka Rajiv

‘To reinvent the age-old tradition of embroidery to suit demographics and...

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Ashok Desai
Bombay Textile Research Association

Bombay Textile Research Association (BTRA) is a leading name in textile...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Robert Brunner

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Jay Ramrakhiani
Occasions Elegance Wear

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

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies

January 2017

January 2017

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


Browse Our Archives


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