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It is a portal to report complaints about online and related transactions with foreign companies.There is also Asia Pacific Economic Cooperation (APEC) was established in 1989 with the vision of achieving stability, security and prosperity for the region through free and open trade and investment.In the United States, certain electronic commerce activities are regulated by the Federal Trade Commission (FTC).
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These firms include banks, non-bank credit card issuers and non-bank merchant acquirers, e-money issuers, etc.
The PSRs created a new class of regulated firms known as payment institutions (PIs), who are subject to prudential requirements.
The purpose was stated as being to find ways of co-operating on tackling consumer problems connected with cross-border transactions in both goods and services, and to help ensure exchanges of information among the participants for mutual benefit and understanding.
From this came Econsumer.gov, an ICPEN initiative since April 2001.In order to give a uniformity to e-commerce law around the world, many countries adopted the UNCITRAL Model Law on Electronic Commerce (1996).