A Regional Virtual Market Place for Middle East and North Africa : Milestone Report
The Regional Virtual Market Place (RVMP) is an innovative project aiming at fostering regional economic growth and integration in the Middle East and North Africa (MENA) region as well as its integration with the rest of the world. In concrete term...
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| Format: | Foreign Trade, FDI, and Capital Flows Study |
| Language: | English en_US |
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Washington, DC
2013
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| Online Access: | http://documents.worldbank.org/curated/en/2010/09/16282012/regional-virtual-market-place-middle-east-north-africa-milestone-report-september-2010 http://hdl.handle.net/10986/12571 |
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okr-10986-125712021-04-23T14:03:01Z A Regional Virtual Market Place for Middle East and North Africa : Milestone Report World Bank ACCESS TO MARKETS ADVERTISING AUCTIONS B2B BUSINESS ACTIVITY BUSINESS DEVELOPMENT BUSINESS MODELS BUSINESS OPPORTUNITIES BUSINESSES BUYER BUYERS CAPABILITIES CHAMBER OF COMMERCE CHAMBERS OF COMMERCE COMPETITIVE BID DESCRIPTION DOMAIN E-LEARNING ELECTRONIC MARKET ELECTRONIC PLATFORM EXPORT PROMOTION EXPORT SUPPORT FINANCIAL SERVICES FOREIGN TRADE GLOBAL COMPETITIVENESS GLOBAL KNOWLEDGE HANDICRAFTS INSTITUTION INTERNATIONAL MARKETS MARKET FAILURE MARKET PLACE MARKET PLACES MARKET RESEARCH MARKETING MARKETPLACE MEDIUM ENTERPRISE MEDIUM ENTERPRISES PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROCUREMENTS PRODUCTIVITY PURCHASING RESULTS SERVICE PROVIDERS SUPPLIERS TRADE FAIRS TRADITIONAL MARKET TRANSLATION USERS WORLD TRADE The Regional Virtual Market Place (RVMP) is an innovative project aiming at fostering regional economic growth and integration in the Middle East and North Africa (MENA) region as well as its integration with the rest of the world. In concrete terms, the RVMP will link buyers and sellers from the MENA region through an electronic platform, a website. The clients of such a platform would be firms that cannot afford to market their products abroad (participation to trade fairs, advertising, and hiring export consultants) or to conduct costly market research to identify business opportunities. Small and Medium Enterprises (SMEs) are considered to be the main target of this initiative. A RVMP will be the adequate tool to promote their products, at low cost, in international markets and learn about clients expectations through their posted requests (for instance: a pharmaceutical SME in Belgium looking for some North African plants' oil extracts with some specific characteristics will be able to post a request through the platform). This RVMP would be likely to address the persistent market failure of access to markets by providing a virtual platform for North-South and South-South trade. It will also address information asymmetries by providing the sellers with information about the buyers' expectations and the buyers with information about the seller's trustworthiness (through ratings provided by previous buyers, similar to the eBay system, or trustworthy national institutions like chambers of commerce). 2013-02-27T23:32:33Z 2013-02-27T23:32:33Z 2010-09 http://documents.worldbank.org/curated/en/2010/09/16282012/regional-virtual-market-place-middle-east-north-africa-milestone-report-september-2010 http://hdl.handle.net/10986/12571 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study Economic & Sector Work Middle East and North Africa North Africa Middle East |
| repository_type |
Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
ACCESS TO MARKETS ADVERTISING AUCTIONS B2B BUSINESS ACTIVITY BUSINESS DEVELOPMENT BUSINESS MODELS BUSINESS OPPORTUNITIES BUSINESSES BUYER BUYERS CAPABILITIES CHAMBER OF COMMERCE CHAMBERS OF COMMERCE COMPETITIVE BID DESCRIPTION DOMAIN E-LEARNING ELECTRONIC MARKET ELECTRONIC PLATFORM EXPORT PROMOTION EXPORT SUPPORT FINANCIAL SERVICES FOREIGN TRADE GLOBAL COMPETITIVENESS GLOBAL KNOWLEDGE HANDICRAFTS INSTITUTION INTERNATIONAL MARKETS MARKET FAILURE MARKET PLACE MARKET PLACES MARKET RESEARCH MARKETING MARKETPLACE MEDIUM ENTERPRISE MEDIUM ENTERPRISES PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROCUREMENTS PRODUCTIVITY PURCHASING RESULTS SERVICE PROVIDERS SUPPLIERS TRADE FAIRS TRADITIONAL MARKET TRANSLATION USERS WORLD TRADE |
| spellingShingle |
ACCESS TO MARKETS ADVERTISING AUCTIONS B2B BUSINESS ACTIVITY BUSINESS DEVELOPMENT BUSINESS MODELS BUSINESS OPPORTUNITIES BUSINESSES BUYER BUYERS CAPABILITIES CHAMBER OF COMMERCE CHAMBERS OF COMMERCE COMPETITIVE BID DESCRIPTION DOMAIN E-LEARNING ELECTRONIC MARKET ELECTRONIC PLATFORM EXPORT PROMOTION EXPORT SUPPORT FINANCIAL SERVICES FOREIGN TRADE GLOBAL COMPETITIVENESS GLOBAL KNOWLEDGE HANDICRAFTS INSTITUTION INTERNATIONAL MARKETS MARKET FAILURE MARKET PLACE MARKET PLACES MARKET RESEARCH MARKETING MARKETPLACE MEDIUM ENTERPRISE MEDIUM ENTERPRISES PRIVATE PARTNERSHIP PRIVATE SECTOR PRIVATE SECTOR DEVELOPMENT PROCUREMENTS PRODUCTIVITY PURCHASING RESULTS SERVICE PROVIDERS SUPPLIERS TRADE FAIRS TRADITIONAL MARKET TRANSLATION USERS WORLD TRADE World Bank A Regional Virtual Market Place for Middle East and North Africa : Milestone Report |
| geographic_facet |
Middle East and North Africa North Africa Middle East |
| description |
The Regional Virtual Market Place (RVMP)
is an innovative project aiming at fostering regional
economic growth and integration in the Middle East and North
Africa (MENA) region as well as its integration with the
rest of the world. In concrete terms, the RVMP will link
buyers and sellers from the MENA region through an
electronic platform, a website. The clients of such a
platform would be firms that cannot afford to market their
products abroad (participation to trade fairs, advertising,
and hiring export consultants) or to conduct costly market
research to identify business opportunities. Small and
Medium Enterprises (SMEs) are considered to be the main
target of this initiative. A RVMP will be the adequate tool
to promote their products, at low cost, in international
markets and learn about clients expectations through their
posted requests (for instance: a pharmaceutical SME in
Belgium looking for some North African plants' oil
extracts with some specific characteristics will be able to
post a request through the platform). This RVMP would be
likely to address the persistent market failure of access to
markets by providing a virtual platform for North-South and
South-South trade. It will also address information
asymmetries by providing the sellers with information about
the buyers' expectations and the buyers with
information about the seller's trustworthiness (through
ratings provided by previous buyers, similar to the eBay
system, or trustworthy national institutions like chambers
of commerce). |
| format |
Economic & Sector Work :: Foreign Trade, FDI, and Capital Flows Study |
| author |
World Bank |
| author_facet |
World Bank |
| author_sort |
World Bank |
| title |
A Regional Virtual Market Place for Middle East and North Africa : Milestone Report |
| title_short |
A Regional Virtual Market Place for Middle East and North Africa : Milestone Report |
| title_full |
A Regional Virtual Market Place for Middle East and North Africa : Milestone Report |
| title_fullStr |
A Regional Virtual Market Place for Middle East and North Africa : Milestone Report |
| title_full_unstemmed |
A Regional Virtual Market Place for Middle East and North Africa : Milestone Report |
| title_sort |
regional virtual market place for middle east and north africa : milestone report |
| publisher |
Washington, DC |
| publishDate |
2013 |
| url |
http://documents.worldbank.org/curated/en/2010/09/16282012/regional-virtual-market-place-middle-east-north-africa-milestone-report-september-2010 http://hdl.handle.net/10986/12571 |
| _version_ |
1764420244185546752 |