The need for regulating informal e-commerce
The International Institute for Sustainable Development reported that "E-commerce has grown significantly in recent years. E-commerce retail sales, estimated in 2020 at USD 4.25 trillion, make up a growing share of total retail sales and could rise to nearly a quarter by 2025. The Covid-19 pandemic has accelerated this trend, which is expected to persist as consumers continue to alter their shopping behaviour." Bhutan is no exception, particularly when it comes to informal e-commerce. However, only a limited number of e-commerce businesses in Bhutan are currently regulated, posing serious vulnerabilities for consumers due to rampant emergence of unregulated e-commerce.
You might also be interested in
The Investment Facilitation for Development Agreement: A reader's guide
A subset of World Trade Organization members has finalized the legal text of an Agreement on Investment Facilitation. This Reader's Guide provides an overview of what's in the agreement.
Investment Facilitation for Development Agreement: Why does it matter?
Rashmi Jose provides a state-of-play for the Investment Facilitation for Development Agreement (IFDA) and why it matters from the sustainable development perspective.
The Investment Facilitation for Development Agreement
With over 100 World Trade Organization members pushing to wrap up negotiations for an Investment Facilitation for Development Agreement, what would the actual accord mean for investment governance and sustainable development?
The Joint Initiative on Investment Facilitation for Development
This stocktaking brief provides an update on the joint initiative negotiations on Investment Facilitation for Development among a group of World Trade Organization (WTO) members. The brief provides updates on how the draft negotiating text has evolved since 2022, as well as an overview of how the process is likely to evolve in the run-up to MC13.