On the question of improving customs regulation measures for cross-border electronic trade in the EAEU

  • Inna N. Rykova Research Financial Institute of the Ministry of Finance of the Russian
  • Roman S. Gubanov Research Financial Institute of the Ministry of Finance of the Russian Federation
  • Andrey A. Alaev Research Financial Institute of the Ministry of Finance of the Russian Federation
Keywords: trade, goods, electronic trade, customs, customs regulation, cross-border trade, Russia

Abstract

In modern conditions of the development of global economic relations, Russia is actively working to bring the current national legislative framework in the field of customs in line with the requirements of cross-border trade. This segment of trade in goods in Russia has been noticeably declining in relative terms over the past five years, occupying a record-low share of trade turnover in the structure of the country's total electronic commerce at 5% in 2023. It signals the need to develop regulatory measures to enhance the practice of cross–border movement of stocks, goods, products and material goods in the single trading space of the Eurasian Economic Union (hereinafter - the EAEU, the Union). In the long-term, the development of the economy of cross-border trade of the EAEU member states is based on the norms of law contained in the Protocol dated 12/25/2023 "On Amendments to the Agreement on the Customs Code of the Eurasian Economic Union dated April 11, 2017" regarding customs regulation of cross-border movement of goods. Based on these legislative innovations, today it is necessary to coordinate and approve the main provisions of the planned amendments to the normative legal acts of each member state of the Union, which should be expressed in the form of new regulatory measures of the Eurasian Economic Commission to improve customs procedures within the framework of cross-border electronic commerce. The article examines statistical and factual materials on implementing cross-border trade practices, which have declined in recent years. In order to suspend further reduction of electronic foreign trade turnover in the face of new challenges and political threats, as well as to optimize its structure, the article examines the features of new legal structures on relations between subjects of cross-border trade in Russia.

The article was submitted: 2024-08-24;

approved after reviewing: 2024-08-30.

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Author Biographies

Inna N. Rykova, Research Financial Institute of the Ministry of Finance of the Russian

Doctor of Economics, Academician of the Russian Academy of Sciences, Head of the Center for Sectoral Economics

rykova@nifi.ru,

https://orcid.org/0000-0002-9171-2278

Roman S. Gubanov, Research Financial Institute of the Ministry of Finance of the Russian Federation

Ph. D. (Economy) Leading Researcher at the Center for Sectoral Economics

gubanof@mail.ru

https://orcid.org/0000-0003-1675-8150

Andrey A. Alaev, Research Financial Institute of the Ministry of Finance of the Russian Federation

researcher at the Center for Industrial Economics,

alaev@nifi.ru

https://orcid.org/0000-0001-5599-2113

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Abstract views: 465
PDF Downloads: 216
Published
2024-09-04
How to Cite
Rykova, I. N., Gubanov, R. S., & Alaev, A. A. (2024). On the question of improving customs regulation measures for cross-border electronic trade in the EAEU. In the Center of Economy, 5(3), 89-96. Retrieved from https://www.vcec.ru/index.php/vcec/article/view/111
Section
World trends in economic development