According to a new report from the World Trade Organization, the growth of cross-border digital trade flows – such as e-commerce, video streaming, games and apps – has quadrupled since 2005 and is now valued at some $3.8 trillion. dollars. This represents more than half of all trade in services worldwide.
“That gives us a bit of an indication of where global trade is heading,” WTO chief economist Ralph Ossa told Bloomberg in a recent interview. “The future of commerce is in services, especially services delivered digitally.”
Read on to enjoy how the golden age of e-commerce is already upon us.
On this subject, read the report by researcher Kati Suominen, “Trust in trade: the challenges of global convergence on digital standards“, for the Hinrich Foundation.