KPL
(KPL/VNA) - The Association of Southeast Asian Nations (ASEAN) will host the first region-wide online shopping event in August this year to promote cross-border trade through e-commerce.
(KPL/VNA) -
The Association of Southeast Asian Nations (ASEAN) will host the first
region-wide online shopping event in August this year to promote cross-border
trade through e-commerce.
Indonesia,
the rotating chair of the bloc in 2023, has recently proposed an idea of
promoting e-commerce among the member states, attracting the participation of
consumers and small- and medium-sized enterprises. The first related event will
be an online sales day held on ASEAN Day (August 8), which is about to showcase
the best of ASEAN products at special prices.
According to
the 2018 e-Conomy SEA, an edition of a multi-year research project by Google
and Temasek to shed light on the internet economy in Southeast Asia, the
internet-based economy in ASEAN, regarding online travel, e-commerce, online
media and ride-hailing services, was estimated to hit 72 billion USD.
The study
also predicted that Southeast Asia's internet economy could surpass 240 billion
USD by 2025.
In 2019, the
ASEAN Agreement on Electronic Commerce was signed in order to facilitate the
development of e-commerce transactions in the bloc and strengthen cooperation
between member countries.
KPL
