E-business is a term used to describe businesses run on the Internet, or utilizing Internet technologies to improve the productivity or profitability of a business.
Canada recognizes the importance of the adoption, use and development of e-business. The Electronic Commerce Branch of Industry Canada goal is to build on Canada’s established foundation to support and facilitate continued growth of e-business in the Canadian economy.
They do this by:
- Building trust in the Digital Economy
- Clarifying marketplace rules, both domestically and internationally
- Removing barriers for the use of e-commerce, in conjunction with the private sector
- Benchmarking both firm-level and national performance in the digital economy.
To build trust, the Federal Government aims to clarify marketplace rules through policies in the areas of privacy protection and online security. The Electronic Commerce Branch promotes the use of e-commerce as an enabler to trade in a global environment and as a catalyst for development. The Branch carries out this mandate through:
Through organizations such as the Organization for Economic Co-operation and Development (OECD) and the Asia Pacific Economic Cooperation (APEC) to promote common global policy frameworks for the Internet economy with Canada’s key partners.
As international borders become seamless in today’s world of digital transactions, regulatory clarity and predictability in the marketplace are necessary to ensure continued cross-border e-commerce growth.