Bermuda Launches Initiative To Promote E-Commerce

The Bermuda International Business Association (BIBA)
and the Bermuda
government in Hamilton launched an initiative to develop electronic commerce
on the island.

Bermuda has set the following objectives for its e-commerce initiative:

• to develop a new sector of Bermuda’s economy creating jobs and fueling
  economic growth.
  

  
  

• to provide enhanced connectivity for all Bermudians enabling them to
  overcome geographical constraints and enhance their quality of life.
  

  
  

• to ensure that Bermudians are trained in information technology to
  enhance
  the potential of all individuals to participate in the opportunities of the
  new digital economy.
  

“BIBA is very proud and pleased to have been the catalyst for launching and
co-coordinating this initiative and a great deal of difficult preparatory work
has been accomplished over the past year,” said Glenn Titterton, chairman of
BIBA. “From the perspective of international business, e-commerce in Bermuda
is in fact already happening, albeit via individual companies utilizing our
existing technological infrastructure.”

“E-commerce has already turned some of the rules of traditional commerce upside down,” said The Hon. Grant Gibbons, JP, MP. “There is no longer any compelling reason why businesses in completely disparate parts of the world should not compete for the same customers, especially if they are providers of a service which can be delivered electronically. . . ”

The Bermuda International Business Association (BIBA) is a volunteer
organization made up of Bermuda companies, providing banking, legal,
accounting and management services to the international business industry.