-
Report points to importance of strength in affordable Internet access
and high smartphone usage
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Island nations take three of the top five spots, with Australia, UK
and Japan first, fourth and fifth
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Report also warns customs and regulation restrictions could hamper SME
growth
SYDNEY -- (Business Wire)
A new index published today by The Economist Intelligence Unit shows
that Australia is the best positioned among the G20 to capitalise on
global e-trade opportunities.
The G20 e-Trade Readiness Index, sponsored by eBay Inc., points
to Australia’s all-round strength, particularly its affordable Internet
access, high smartphone penetration and use of electronic payment
methods.
Island nations fared well, making up three of the top five spots.
Australia is top, the UK comes in fourth and Japan in fifth. These
developed island nations have economies that have long relied on
international trade, the report says, and look well-positioned to
continue this with e-trade opportunities.
The report also warns that customs and regulation restrictions could
hamper SME growth. SMEs tend to ship smaller parcels to a variety of
locations and cannot always benefit from shipping in bulk. Customs
procedures in some countries can also be more trouble than they are
worth for small packages.
Laurel West, editor of the report, said: “It’s clear that technology
alone is not enough to allow e-trade to reach its full potential.
Customs regimes across the globe are still aligned with the needs of big
businesses and hampering SMEs. E-trade is a ripe opportunity for SMEs to
compete with multinationals. They can be a key driver in its growth, but
bureaucracy could be their biggest barrier.”
Read
The G20 e-Trade Readiness Index
Notes to editors
About the index
The index comprises more than 40 indicators across five thematic
categories: investment climate, Internet environment, international
trading environment, regulatory and legal framework, and the environment
for e-payments. The categories within the index are weighted according
to The Economist Intelligence Unit’s assumptions of their relative
importance in facilitating cross-border trade using the Internet,
especially for small- and medium-sized enterprises (SMEs). The index
focuses on the G20, though for the purposes of this research we have
excluded the EU as a separate entity in the rankings, hence only 19
countries are ranked. In addition to analysis of the index findings,
this report is based on wide-ranging desk research and interviews with
experts on the challenges and opportunities in cross-border online
trading.
About The Economist Intelligence Unit
The Economist Intelligence Unit (EIU) is the world's leading resource
for economic and business research, forecasting and analysis. It
provides accurate and impartial intelligence for companies, government
agencies, financial institutions and academic organisations around the
globe, inspiring business leaders to act with confidence since 1946. EIU
products include its flagship Country Reports service, providing
political and economic analysis for 195 countries, and a portfolio of
subscription-based data and forecasting services. The company also
undertakes bespoke research and analysis projects on individual markets
and business sectors. More information is available at www.eiu.com
or follow us on www.twitter.com/theeiu.
The EIU is headquartered in London, UK, with offices in more than 40
cities and a network of some 650 country experts and analysts worldwide.
It operates independently as the business-to-business arm of The
Economist Group, the leading source of analysis on international
business and world affairs.
About eBay Inc.
eBay Inc. (NASDAQ: EBAY) is a global commerce and payments leader,
providing a robust platform where merchants of all sizes can compete and
win. Founded in 1995 in San Jose, California, eBay Inc. connects
millions of buyers and sellers and enabled US$205bn of commerce volume
in 2013. It does so through eBay, one of the world's largest online
marketplaces, which allows users to buy and sell in nearly every country
on earth; through PayPal, which enables individuals and businesses to
securely, easily and quickly send and receive digital payments; and
through eBay Enterprise, which enables omnichannel commerce,
multichannel retailing and digital marketing for global enterprises in
the US and internationally. It also reaches millions through specialised
marketplaces such as StubHub, the world's largest ticket marketplace,
and eBayclassifieds sites, which together have a presence in more than
1,000 cities around the world. For more information about the company
and its global portfolio of online brands, visit www.ebayinc.com.
Contacts:
Press enquiries:
Grayling PR
Gina Sorice, 646-284-9414
Gina.Sorice@Grayling.com
or
The
Economist Intelligence Unit
Mathew Hanratty, +44 (0)20 7576 8546
corporate
communications manager
MathewHanratty@economist.com
or
Christopher
Clague, +81 (3) 5223 2662
senior analyst and index designer
ChristopherClague@economist.com
Source: eBay Inc.
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