E-commerce and cross-border transactions: Legal and regulatory challenges

Abstract

E-commerce has changed the way companies operate by allowing them to reach customers worldwide with a few mouse clicks. This has caused several legal and regulatory concerns, which has increased international internet trade. When conducting international business online, securing intellectual property is crucial. Because intellectual property laws vary by country, corporations may struggle to protect their patents, copyrights, and trademarks while travelling abroad. The ease of replicating and distributing digital content online has also increased intellectual property rights infringements. International E-Commerce trade has offered huge prospects for the global economy. New growth engines, company models, consumer patterns, and employment prospects are among these opportunities. This amazing growth has transformed how companies and customers market, sell, and buy. Customers now have more options and cutting-edge shipping, payment, and delivery methods. It has also reduced entrance obstacles and expenses, giving micro, small, and medium firms worldwide economic opportunities (MSMEs). These opportunities include expanded international market access. E-commerce, especially B2C and C2C transactions, is causing new problems for businesses and governments. The fast rate of change in the trade environment requires comprehensive and well-thought-out solutions from all stakeholders, including customs officials, to efficiently handle expanding volumes, overcome a lack of global norms and guidelines, and address environmental issues.