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Improving the Customs Regulation Framework in the Eurasian Economic Union in the Context of Sustainable Economic Development

Author

Listed:
  • Natalia Vovchenko

    (Faculty of Economics and Finance, Rostov State University of Economics, 344002 Rostov-on-Don, Russia)

  • Olga Ivanova

    (Faculty of Economics and Finance, Rostov State University of Economics, 344002 Rostov-on-Don, Russia)

  • Elena Kostoglodova

    (Faculty of Economics and Finance, Rostov State University of Economics, 344002 Rostov-on-Don, Russia)

  • Stanislav Khapilin

    (Faculty of Economics and Finance, Rostov State University of Economics, 344002 Rostov-on-Don, Russia)

  • Karina Sapegina

    (Institute of Industrial Management of Economics and Trade, Peter the Great St. Petersburg Polytechnic University, 195251 Saint-Petersburg, Russia)

Abstract

The formation of a customs administration framework based on the digital economy in the Eurasian Economic Union (EAEU) requires the application of fundamentally new technologies. The successful implementation of digital technologies in the information space of the EAEU presupposes the solution of a number of problems associated with the ensuring the implementation of the concept of sustainable development of the EEU member states in the new economic reality and transition to a new paradigm of customs administration based on the digitalization of the processes of regulation of foreign economic activity. Based on this paradigm, we set the following tasks: to identify trends and substantiate the need for digitalization of the customs administration mechanism in the Eurasian Economic Union based on the use of new technologies; to reveal the meaningful features of digital technologies that are promising for the development of the mechanism of customs administration of the EAEU; consider the applied aspects of the latest information technologies used in the course of EAEU customs administration system digitalization; and assess the prospects for their use, analyze the prospects of organizational, legal and managerial support of this process in the EAEU at the supranational and national levels. The article concludes that within the framework of the digital transformation of the EAEU, new opportunities are opening up for the customs regulation framework, based on the introduction of technologies for analyzing large amounts of data, immersive technologies, blockchain, the use of innovative methods for obtaining and processing customs information (satellite tracking, radio frequency identification), and the introduction of artificial intelligence technologies in customs control processes.

Suggested Citation

  • Natalia Vovchenko & Olga Ivanova & Elena Kostoglodova & Stanislav Khapilin & Karina Sapegina, 2022. "Improving the Customs Regulation Framework in the Eurasian Economic Union in the Context of Sustainable Economic Development," Sustainability, MDPI, vol. 14(2), pages 1-10, January.
    • Handle: RePEc:gam:jsusta:v:14:y:2022:i:2:p:755-:d:721871
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    References listed on IDEAS

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    1. Andrej Krickovic, 2014. "Imperial nostalgia or prudent geopolitics? Russia's efforts to reintegrate the post-Soviet space in geopolitical perspective," Post-Soviet Affairs, Taylor & Francis Journals, vol. 30(6), pages 503-528, November.
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    More about this item

    Keywords

    big data; Eurasian Economic Union; customs administration; digital transformation; G28; G38; F02; F15;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F15 - International Economics - - Trade - - - Economic Integration

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