Harmonising Digital Markets of EU and EaP countries - HDM Strategic Initiative
Date: April, 23rd 2015
Place: Business Centre, Hotel Victoria, 5th floor
To improve national competitiveness and increase export the Eastern Partner (EaP) countries need to develop the digital service infrastructure of their markets and e-Trade (paperless trade) systems.
e-Trade can be defined as the application of information and communications technologies (ICT) to improve export competitiveness of the country and its businesses. Exporters and importers can take advantage of these technologies to transform business processes so that they can compete more profitably, as well as to conduct trade deals and transactions in digital format across national borders. More specifically e-Trade is about the international trade transactions which covers either all or some parts of trade procedures on-line via e-Documents instead of conventional paper-based way.
To develop the digital services infrastructure of the national market and e-Trade system the country has to have the functioning telecommunications backbone and e-Commerce legal framework.
When developing the national e-Trade systems the following main components are to be considered by the project team
and three main areas shall be properly addressed:
- Trade process renovation to accommodate changes;
- Legal framework to support export-import trade process renovation and facilitate e-Business environment;
- Technological platform to enable e-Trade services