Why would the UK Government’s proposal of using technology for frictionless trade to become a game changer in the future for global trade and trust?
As explained by Grant, Counterfeit goods, illegal goods, consumer protection and more just to name a few, The UK’s objective is to streamline its trade processes making it easier post brexit to deliver global trade agreements within new markets and existing.
Whilst this proposal was announced by the chief negotiator for the EU on Brexit as not existing or tested Grant goes onto say that back in 2017 the chief negotiator had received a report from his own advisory on this potential approach of trade.
Tested or existing Azerbaijan has already implemented such solution by E21 partners Into the Fiscal office and have already started labeling goods within the country which potentially mean Azerbaijan my well have the most advanced Taxonomy technical structure to date, and enabling them to be already on the future direction of Frictionless Trade.
Should the Republic of Moldova look at such technologies and the imminent future of arrival of frictionless trade, Could this benefit Moldova with growing its exports globally and protect its citizens consumer rights?
If such Technologies was adapted in Moldova it could provide numerous benefits to Moldova by digitization of its Taxonomy system reducing its paper trail costs and combat corruption but the real game changer is the disruption it would have on Moldova Financial Services Sector and drive the banks into a faster growth of innovation and transparency.#technology #latestnews #techannouncer #startups #blockchain #news