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304 trillion, which was a 24. 8 percent increase than previous year. 2017: International e-commerce deals produce $29. 267 trillion, including $25. 516 trillion for business-to-business (B2B) deals and $3. 851 trillion for business-to-consumer (B2C) sales. Company application Some typical applications associated to electronic commerce are: Governmental guideline In the United States, California's Electronic Commerce Act (1984 ), enacted by the Legislature, and the more current California Personal privacy Act (2020) enacted through a popular election proposition, control specifically how electronic commerce may be conducted in California.

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These activities consist of using business emails, online advertising and customer personal privacy. The CAN-SPAM Act of 2003 develops nationwide requirements for direct marketing over email.  https://www.ravenusdigitalmedia.com/  controls all kinds of marketing, consisting of online marketing, and specifies that marketing should be honest and non-deceptive. Utilizing its authority under Section 5 of the FTC Act, which restricts unreasonable or deceptive practices, the FTC has brought a number of cases to implement the pledges in corporate privacy declarations, including promises about the security of consumers' individual info.

The Ryan Haight Online Drug Store Customer Defense Act of 2008, which entered law in 2008, changes the Controlled Substances Act to resolve online pharmacies. Dispute of laws in the online world is a significant difficulty for harmonization of legal framework for e-commerce all over the world. In order to offer an uniformity to e-commerce law worldwide, lots of countries embraced the UNCITRAL Model Law on Electronic Commerce (1996 ).

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The function was mentioned as being to discover methods of co-operating on taking on consumer issues linked with cross-border deals in both items and services, and to help ensure exchanges of info among the individuals for shared benefit and understanding. From this came Econsumer. gov, an ICPEN effort considering that April 2001.

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There is also Asia Pacific Economic Cooperation (APEC) was developed in 1989 with the vision of attaining stability, security and prosperity for the region through free and open trade and financial investment. APEC has an Electronic Commerce Steering Group in addition to working on common privacy guidelines throughout the APEC area.