G20 china_web
You also want an ePaper? Increase the reach of your titles
YUMPU automatically turns print PDFs into web optimized ePapers that Google loves.
Trade and investment<br />
KEY TAKEAWAYS<br />
Digital customs help facilitate and<br />
secure international trade<br />
They replace paper-based procedures<br />
with electronic operations<br />
The digitalisation of<br />
international trade<br />
The importance of information and communication technologies<br />
cannot be stressed enough. Embracing it is our only option for<br />
successful international trade, writes Kunio Mikuriya<br />
Customs administrations must<br />
adopt 'digital customs' to<br />
facilitate and secure international<br />
trade in the era of advanced<br />
information and communications<br />
technology (ICT). Digital customs is<br />
global in scope and it is vital that the <strong>G20</strong><br />
understand its importance for strengthening<br />
international trade and transport and thus<br />
support its further development.<br />
Technology is changing rapidly. Several<br />
key trends are emerging, such as cloud<br />
computing, mobile technologies, advanced<br />
analytics and information management.<br />
These provide numerous opportunities<br />
to drive connectivity among customs<br />
administrations, and with trade operators<br />
and other border agencies. They can<br />
increase productivity, which will in turn<br />
lead to greater economic growth.<br />
Digital customs initiative<br />
To reaffirm the importance of ICT for<br />
customs administrations and in the<br />
work programme of the World Customs<br />
Organization (WCO), digital customs was<br />
chosen as the theme for 2016. Digital<br />
customs means using digital systems to<br />
collect and safeguard customs duties,<br />
to control the flow of goods, people,<br />
conveyances and money, and to secure<br />
cross-border trade from crime, including<br />
international terrorism, which continues to<br />
plague countries around the globe.<br />
The digital customs initiative aims to<br />
replace paper-based customs procedures<br />
with electronic operations, creating a more<br />
174 <strong>G20</strong> China: The Hangzhou Summit • September 2016 G7<strong>G20</strong>.com