International regulation of electronic commerce

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International regulation of electronic commerce E-commerce develops fast, and companies try to adapt to these changes, for example, if you're an employer in an industry...

International regulation of electronic commerce

Electronic commerce is rapidly evolving, and companies are trying to adapt to these changes, for example, if you are an employer in the tourism industry, here the States of the International Electronic Commerce Organization show that the legal aspects of e-commerce should be taken into account when deciding to sell your services or products via the Internet, such as allowing online reservations, in this case, you need to follow legislation on electronic commerce regulations, which means that your web site must clearly notify users of a series of important aspects.

International Organization of Electronic Commerce

Let us first identify electronic commerce, which means buying and selling goods, products or services online, transactions of funds, funds and data are also considered to be electronic commerce, the name does not need to be explained, that it meets buyers and sellers on the Internet, including transactions of goods, services, transfer of funds and data exchange, so when they record entry to your Amazon and purchase a book, this is a classic example of the transaction of electronic commerce, here, which interacts with the seller (their) and then provides images and then provides a copy.

Overview of e-commerce

  • The e-commerce benefit list is the low financial cost, but other benefits include international sale, customer re-targeting, personalization of procurement experience, etc.
  • These e-commerce benefits will help you determine whether starting an online shop is appropriate for you. By using e-commerce, organizations can expand their markets to national and international markets with the least capital investment.
  • The Foundation can easily locate more clients, best suppliers and appropriate business partners worldwide.
  • Helps institutions reduce the cost of establishing a process, distributing, retrieving and managing paper-based information through digitization.
  • works to improve the brand image of the company.
  • Helps the organization to provide better services to clients.
  • helps to streamline and make business processes faster and more efficient.
  • Electronic commerce reduces paperwork.

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Organization of international e-commerce law

As part of the international regulation of e-commerce, consumer laws, policies and practices limit fraudulent, misleading and unfair trade behaviour, such protection is essential for building consumer confidence and forging a more balanced relationship between firms and consumers in commercial transactions. The inherent international nature of digital networks and computer techniques, which have incorporated a global consumer protection approach as part of a transparent and predictable legal framework and regulation of e-commerce, may challenge the global network environment.

Some general e-commerce laws based on OECD

  • In our speech on international regulation of electronic commerce, consumers who participate in electronic commerce should be granted transparent and effective consumer protection at least the level of protection granted in other forms of trade. Governments, companies, consumers and their representatives must work together to achieve this protection and identify changes that may be necessary to address the special conditions of electronic commerce. E-commerce companies must give due consideration to consumer interests and act in accordance with business practices, advertising and fair marketing.
  • Companies must not provide any representation, omission or involvement in any practice that is likely to be deceptive, misleading, fraudulent or unfair.
  • Companies that sell, promote or market goods or services to consumers must not engage in practices that are likely to cause unreasonable risks of harm to consumers. When companies provide information about themselves or about the goods or services they provide, they must provide such information in a clear, accurate and easily accessible manner.
  • Companies must comply with any declarations they make regarding policies or practices concerning their transactions with consumers.
  • Companies must take into account the global nature of e-commerce and, where possible, must take into account the different regulatory characteristics of their markets.
  • Companies must not exploit the special characteristics of electronic commerce to conceal their true identity or location, or to avoid compliance with consumer protection standards.
  • In our article on international regulation of electronic commerce, companies must not use unfair contract terms.
  • advertising and marketing must be so clear.
  • advertising and marketing must determine the commercial activity for which marketing is carried out or advertised, where failure to do so is deceptive.
  • Companies must develop and implement effective and user-friendly procedures that allow consumers to choose whether they wish to receive unwanted commercial e-mails.

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In our article on international regulation of electronic commerce, companies engaged in electronic commerce with consumers must provide accurate, clear and easily accessible information about themselves enough to allow at least the following:

  • Identification of business activity - including the legal name of the company and the name under which the business is traded; the main geographical address of the business activity; the title of e-mail, other electronic means of communication or telephone number; and, where appropriate, an address for registration and any relevant government registration or licence numbers.
  • Immediate, easy and effective consumer communication with the company.
  • An appropriate and effective solution to disputes.
  • When a company declares its membership in any relevant self-regulatory scheme, commercial assembly, dispute settlement organization or other certification body, the company must provide consumers with appropriate contact details and an easy way of verifying such membership and accessing relevant rules and practices by the certification authority.

Conclusion:

In conclusion, on the international regulation of e-commerce, States must provide a legal environment for e-commerce, so that no party is deceived and transactions are carried out in a safe manner. More importantly, companies engaged in e-commerce with consumers provide accurate and accessible information describing goods or services rendered.

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Published on September 23, 2021

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