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Customs Regulatory Framework Analysis In The Early Phases Of The Covid-19 Pandemic In Terms Of International Trade Cooperation

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  • Popescu EVGHENII

    (Academy of Economic Studies of Moldova, 2012, Republic of Moldova)

  • Frumusachi LUDMILA

    (University of European Studies of Moldova, 2069, Republic of Moldova)

Abstract

To create a framework for customs administration based on international cooperation, it is necessary to apply fundamentally new technologies. Trade facilitation is especially important for many countries affected by the crisis. Amidst this global crisis, international cooperation on trade facilitation will remain essential for maintaining trade flow. Continued aid for trade will be particularly important to help developing countries implement trade facilitation measures required during the crisis. The article concludes that, in the context of global digital transformation, new opportunities are opening up for the customs regulatory framework, based on the introduction of large-scale data analysis technologies, immersive technologies, blockchain, use of innovative methods for obtaining and processing customs information (satellite tracking, radio frequency identification) and introduction of artificial intelligence technologies in customs control processes.

Suggested Citation

  • Popescu EVGHENII & Frumusachi LUDMILA, 2022. "Customs Regulatory Framework Analysis In The Early Phases Of The Covid-19 Pandemic In Terms Of International Trade Cooperation," European Journal of Accounting, Finance & Business, "Stefan cel Mare" University of Suceava, Romania - Faculty of Economics and Public Administration, West University of Timisoara, Romania - Faculty of Economics and Business Administration, vol. 10(1), pages 41-46, February.
    • Handle: RePEc:scm:ejafbu:v:10:y:2022:i:1:p:41-46
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    References listed on IDEAS

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    1. Bacchetta, Marc & Bekkers, Eddy & Piermartini, Roberta & Rubinova, Stela & Stolzenburg, Victor & Xu, Ankai, 2021. "COVID-19 and global value chains: A discussion of arguments on value chain organization and the role of the WTO," WTO Staff Working Papers ERSD-2021-3, World Trade Organization (WTO), Economic Research and Statistics Division.
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