) recently entered into a partnership with the U.S. Department of
Commerce (DOC) for the expansion of trade and investment in
the world's largest economy.
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The giant online marketplace signed a memorandum of agreement
(MOA) with the Department's International Trade Administration
during a roundtable event, which is valid until Dec 2014.
The partnership aims at spreading awareness about the economic
advantages of trade and commerce and highlighting the role of
small and medium sized enterprises (SME) in the growth of
America's export economy.
Trade keeps the economy open, strong and competitive. It enables
companies to diversify their portfolios and also helps small
companies to flourish. It also encourages investment and job
creation, thus enhancing economic growth.
For ages, large-cap businesses have had a competitive advantage
in the global market due to their strong workforce and finances.
However, even in today's revolutionized global marketplace, SMEs
experience a number of hurdles like shipping costs, safety issues
and huge amounts of custom duties.
eBay's innovations have been successful in eliminating these
obstacles. Thus, the alliance specifically aims to generate
opportunities for struggling SMEs to survive as they also play a
significant part in augmenting America's globally-connected
eBay is one of the world's largest online marketplaces, so it is
directly affected by the volume of trade going on in the country.
Goods and services are sold on the platform by a large number of
individuals and small businesses all over the world successfully.
Other than the U.S., it provides country-specific sites in the
United Kingdom, Canada, Germany, Austria, France, Italy, Japan,
Korea and Australia.
As per the partnership, the Department also plans to train
traders and businesses through national export programs.
eBay has taken all the necessary measures, beginning with the
fixed price format to wooing big sellers and customers, improving
technology and navigation of its properties, investing in better
fulfillment services and focusing on mobile customers to boost
profitability. Its drive to provide complete online solutions for
traditional retailers should further add to its growth going
It recently announced the acquisition of a 3D apparel simulation
company, PhiSix Fashion Labs. Also, PayPal, its digital payment
arm announced a partnership with Deutsche Telekom related to
direct carrier billing.
Currently, eBay holds a Zacks Rank #4 (Sell).
Some better-ranked stocks from the same sector include
). While Liberty Ventures sports a Zacks Rank #1 (Strong Buy),
priceline and Netflix hold a Zacks Rank #2 (Buy).