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Volume: 11 Issue 04 April 2025
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A Study On Impact Of Technology To Reducing Trade Barriers
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Author(s):
S Dhanalakshmi | Dr.MD.Chinnu
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Keywords:
Technology, International Trade, Logistics, Flow Of Goods And Services, Seamless Transaction, Innovation, Block Chain, Technological Tools, Digital Payments.
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Abstract:
The Technology Has Become A Crucial Driver In Reducing Trade Barriers By Enhancing Efficiency, Lower Costs, And Improving Global Market Access. This Paper Explores The Transformative Role Of Digital Advancement In Overcoming Traditional And Non –tariff Trade Barriers. Key Technological Contributions Include Platforms, Block Chain, For Secure Transaction, Artificial Intelligence For Supply Chain Optimization, And Fintech Solutions For Seamless Cross-border Payments. Additionally, Digital Trade Agreements And Smart Customs Clearance Systems Streamline Regulatory Processes, Reducing Data And Increasing Transparency. Despite Challenges Such As Cyber Security Risks And Digital Divides, Technology Continues To Revolutionize Global Trade, Making Markets More Accessible And Inclusive. This Study Highlights The Significant Of Technology Integration In Fostering Economic Growth And Global Trade Expansion.
Other Details
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Paper id:
IJSARTV11I4103191
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Published in:
Volume: 11 Issue: 4 April 2025
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Publication Date:
2025-04-18
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