WTO OMC SYMPOSION Why Trade Facilitation is Important

What is “world trade” today? 2 e. Bay Inc.

SNAPSHOT OF THE NEW TRADE technology tools find & be found search software as

Using technology to “shrink” the world. . . Distance matters less online 4 Distance

. . . making global markets reachable. . . A remarkable high share of

. . . and making exporting a reality. . . Contrasting online and offline

. . . for both small and large firms. . . Exporting online is

OPPORTUNITIES IDENTIFIED Moving in the direction of open, technology-enabled trade benefits the world economy

Capturing market shares faster. . . Combined market shares of new entrants: 9 e.

. . . and growing successfully over time Reaching market shares close to established

Welfare gains from trade liberalisation Welfare gains moving from a “closed” to an “open

Welfare gains from trading at lower online costs Welfare losses if offline trade costs

CONCLUSION We call the new world trade Commerce 3. 0 Economic growth Benefits accrue

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WTO OMC SYMPOSION “Why Trade Facilitation is Important” An e. Bay Perspective on Today’s Trade and Opportunities Hanne Melin Legislative Counsel Europe

What is “world trade” today? 2 e. Bay Inc.

SNAPSHOT OF THE NEW TRADE technology tools find & be found search software as service trust applications visibility platforms intermediaries digital inclusiveness ‘anywhere, anytime’ local 3 global mobile e. Bay Inc.

Using technology to “shrink” the world. . . Distance matters less online 4 Distance is “dying” faster online e. Bay Inc.

. . . making global markets reachable. . . A remarkable high share of online sellers engage in export 5 e. Bay Inc.

. . . and making exporting a reality. . . Contrasting online and offline behaviour 6 e. Bay Inc.

. . . for both small and large firms. . . Exporting online is as easy for small sellers as for large sellers 7 e. Bay Inc.

OPPORTUNITIES IDENTIFIED Moving in the direction of open, technology-enabled trade benefits the world economy 8 e. Bay Inc.

Capturing market shares faster. . . Combined market shares of new entrants: 9 e. Bay Inc.

. . . and growing successfully over time Reaching market shares close to established firms within a few years: 10 e. Bay Inc.

Welfare gains from trade liberalisation Welfare gains moving from a “closed” to an “open economy”: 11 e. Bay Inc.

Welfare gains from trading at lower online costs Welfare losses if offline trade costs are applied to e. Bay transactions: 12 e. Bay Inc.

CONCLUSION We call the new world trade Commerce 3. 0 Economic growth Benefits accrue also to small firms and consumers Development Global integration Correlation between low GDP and significant welfare gains from opening up the economy to online trade Using technology to connect markets, businesses and individuals 13 e. Bay Inc.