If what you say is true, it is still trade in the end. But I imagine they refer to the physical and the virtual part. So they talk about regular trade (physical) and electronic commerce (virtual). And indeed electronic commerce reaches more people but even so I think that virtual will not replace physical.E-commerce is more like regular commerce with online presence and more reach. I find it funny that people are saying e-commerce will replace regular commerce. Regular commerce is basically buying and selling and e-commerce does that online.