e commerce - Is there an XML standard for Ecommerce Products? -

Is a standard way of transferring product data between e-commerce websites?

I think there are many cases where a company wants to include products from other companies inside its store, how will it be accomplished?

I think a XML feed is the way to go, but a standard for something on the lines of product names, product codes, stock levels, color options, image file names Is the price, discount eligibility etc.?

I know that Magatton uses XML / Import products, but is it based on a recognized standard?

I do not know whether e-commerce is specific to web sites or not. But of course, EDI (electronic data interchange) among businesses is somewhat more common to do. The standard is defined by NPO which is called. See their website for the name's standard.