| Project Detail |
Project No. SCCP_204_2024A Project Status Project in Implementation Many APEC economies have established Free Trade Zones (FTZs) to boost trade facilitation, innovation, and foreign investment, providing regulatory and tax incentives. However, there is a risk that the FTZs could be misused, leading to illicit trade. In this context, emerging technologies such as drones, artificial intelligence, big data, and blockchain constitute an alternative for enhancing risk management for safe and efficient trade within the FTZs. This new approach yields benefits for both host economies and partner economies in terms of trade flows, ensuring efficiency in international trade regulations and control. This project will include a two-day workshop aim to share best practices and develop a voluntary recommendations document for leveraging digitalization and emerging technologies to address these challenges and promote transparency and efficiency in FTZs. |
