Synopsis Electronic Commerce is simply the production, advertising, sale and distribution of goods and services via telecommunication and electronic media.  Because Internet is an open communication system, it creates a borderless environment for communication and trade.  Rapidly increasing number of Internet users worldwide has given tremendous impetus to e-commerce.  The present book is the factual presentation and exploration of all latest developments, benefits and challenges associated with e-commerce and Internet.  In this endeavour, the book attempts to identify the main policy challenges, focusing in particular upon as to how these are related to international trade.  Detailed glossary of terms in the book will facilitate easy grasping of the subject.  The book is of utmost importance to students, teachers, businessmen, traders and general readers.