The trade facilitation concept of PTAs has evolved from limited provisions on customs issues to include more comprehensive provisions on regulatory and border issues affecting the movement of goods across borders. In addition, although the convergence...
The trade facilitation concept of PTAs has evolved from limited provisions on customs issues to include more comprehensive provisions on regulatory and border issues affecting the movement of goods across borders. In addition, although the convergence of these provisions in terms of the subject matter and language of PTAs is increasing due to the influence of the WTO TFA, it is also unavoidable that significant differences remain.
The use of technology is supporting the modernization of customs, other regulatory and border agencies and expanding the scope of trade facilitation provisions. In particular, many countries are exploring the use of new technologies such as blockchain to support international trade and border management activities. In modern free trade agreements, a number of developments are taking place simultaneously to modernize and simplify the administration of preferential rules of origin. As customs administrations in each country make better use of automation concepts and build risk management and post-clearance audit capabilities, customs administration business processes will become more sophisticated. The modernization of customs administration is also likely to have an impact on the customs union, especially customs and tax collection. It is analyzed that the process, reporting and documentation requirements will be further simplified.