Australia Tops G20 e-Trade Readiness Index
Posted on April 10th, 2015

Australia is in the best position of any of the G20 economies to take advantage of ecommerce opportunities, according to The Economist’s 2014 e-Trade Readiness Index. Its readiness score of 67.5 is based on high ratings in five categories: overall investment climate (third overall), Internet environment (second), international trading environment (seventh), regulatory and legal framework (fourth), and epayments (second).
 
Australia’s National Broadband Network has spurred a high rate of Internet access, and its 2011 ePayments Code has standardized regulations for all electronic payment methods. High costs for container imports and exports brought down its score, though these shortcomings are offset in part by simplified customs procedures for packages valued at less than AU$1,000.
 
The United States ranked second in the index, followed by South Korea, the United Kingdom and Japan. While the report recognized China’s large e-trade potential, the index ranked China ninth, held back by scores for its Internet environment and legal and regulatory framework.
 



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