The New European Customs Reform - Opportunities And Challenges Cover Image

Новата европейска митническа реформа - възможности и предизвикателства
The New European Customs Reform - Opportunities And Challenges

Author(s): Momchil Antov
Subject(s): Economy, Business Economy / Management
Published by: Стопанска академия »Д. А. Ценов«
Keywords: customs reform; customs union; e-commerce; digitaliza-tion; trusted traders; customs procedures

Summary/Abstract: The customs system of the EU serves as a guardian of the single market, but in recent years, it has been subjected to increased stress due to the rapid growth in trade volume, challenges posed by e-commerce, and the growing number of standards regarding goods that need to be tracked at the borders. As a result, in early May 2023, the European Commission proposed a reform project aimed at simplifying the customs procedures by reducing bureaucracy and increasing transparency while simultaneously strengthening the protection of the EU's financial and non-financial interests. The changes can be described as revolutionary or even too ambitious, but if successful, the reform would mark the beginning of a new approach to customs control without parallel on a global scale. Every change brings new opportunities, but it can also give rise to a range of problems. In this regard, it is important to be well-prepared to maximize the benefits of the former and adequately respond to and even prevent the latter.

  • Issue Year: 2023
  • Issue No: 3
  • Page Range: 35-52
  • Page Count: 18
  • Language: Bulgarian