Disruptive Technologies applied to cross-border transactions
In response to the COVID-19 pandemic, the Asia-Pacific region has increased the implementation of digital trade facilitation measures and sought to improve efficiency of cross-border trade operations. For example, the Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific, developed by member States of the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), entered into force in February 2021.
It is also well recognized that technology has enabled global supply chains to be streamlined through its advances in areas such as automation. While the use of disruptive technologies is continuing to grow in cross-border transactions, its manyfold benefits that may even go beyond its direct application becomes clearer as well. For several years, various stakeholders in cross-border trade, such as international organizations, government agencies, academic institutions, and the private sector, have explored their use and performance.
In this webinar, a panel discussion and case studies, featuring customs authorities as well as private sector stakeholders, will show/explore how disruptive technologies have transformed the monitoring of cross-border movement of goods and how, as a result, it has supported the facilitation of global trade. Pioneering approaches from the areas of Blockchain, Internet of Things and Big Data / Artificial Intelligence will be showcased and discussed.
Sharing opportunities and challenges of implementing and using these technologies is crucial to removing technical barriers, as well as certain on-tariff barriers and will help accelerate the creation of the necessary regulatory framework. Furthermore, it enables decision-makers to choose the right pathways in implementing these technologies by using evidence-based information
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