World Trade System in the Era of E-commerce

Abstract

E-commerce refers to a platform where one can conduct online business through the Internet. E-commerce has revolutionized the global trade system so that we can now buy and sell products from the comfort of our homes with just one click. This paper discusses the background, benefits, and challenges of e-commerce and its impact on international trade. It includes buying and selling any product or service, saving time, and making transactions easier. People can order their desired items without going to any market, and online payments are made. However, along with all these benefits, there are also some challenges that consumers have to face, such as fraud, counterfeit products, and fitting issues. To avoid these challenges, we must take preventive measures.