Definition: Custom Union Information refers to the data and details related to the agreements between two or more countries to remove trade barriers and reduce or eliminate customs duties. This information includes the rules and regulations governing the trade, the list of goods and services covered under the agreement, the tariffs and taxes applicable, and the procedures for dispute resolution. In the context of information systems, it involves the use of technology to manage, process, and disseminate this information efficiently and effectively. This can include systems for tracking and managing customs declarations, databases for storing and retrieving information on tariffs and regulations, and digital platforms for facilitating communication and collaboration between the member countries. Source: EIRA team Additional information: Custom Union Information refers to the data and details related to the agreement between two or more countries to remove trade barriers and reduce or eliminate customs duties. This information includes the rules, regulations, and procedures that govern the trade between the member countries of the custom union. It also includes data about the goods and services that are traded, the tariffs and taxes applied, and the economic impact of the union on the member countries. In the context of information technology, Custom Union Information is crucial for the development and implementation of systems and applications that facilitate trade between the member countries. This includes systems for customs declaration and clearance, tariff calculation, trade statistics reporting, and compliance monitoring. These systems need to be designed and operated in accordance with the rules and procedures of the custom union, and they need to be able to handle and process the data about the goods and services that are traded. Custom Union Information is also important for the digital transformation of customs procedures. This involves the use of technologies like blockchain, artificial intelligence, and big data analytics to automate and streamline customs processes, improve the accuracy and reliability of trade data, and enhance the transparency and security of cross-border transactions. Furthermore, Custom Union Information plays a key role in the development of digital trade policies and strategies. This includes the formulation of rules and standards for electronic commerce, the protection of digital rights and data privacy, and the promotion of digital innovation and competitiveness. In summary, Custom Union Information is a vital component of information in the context of information technology, particularly in relation to trade facilitation, digital transformation, and digital policy-making. Example: 1. Trade Facilitation: Custom union information is used in the development of IT systems that facilitate trade between member countries. For instance, the IT system can use this information to automatically calculate tariffs and taxes based on the rules of the custom union, thereby simplifying the process for businesses. 2. Supply Chain Management: Companies use custom union information to manage their supply chains more effectively. For example, a company can use this information to determine the most cost-effective route for shipping goods across member countries. 3. Compliance: Custom union information is used in IT systems that help businesses comply with the rules and regulations of the custom union. This can include systems that track the origin of goods to ensure they meet the rules of origin requirements. 4. Market Analysis: Businesses use custom union information to analyze market trends and opportunities within the custom union. This can help them identify potential new markets to enter or products to launch. 5. Customs Control: Custom union information is used in IT systems that help customs authorities control the movement of goods across borders. This can include systems that track the movement of goods in real-time to prevent smuggling or fraud. 6. Economic Modeling: Researchers and policymakers use custom union information to create economic models. These models can help predict the impact of changes to the custom union's rules or the addition of new member countries. 7. Policy Making: Custom union information is used by policymakers to make informed decisions. For example, they can use this information to assess the impact of potential changes to the custom union's rules or to negotiate new trade agreements. 8. E-commerce: E-commerce platforms use custom union information to calculate the final cost of products, including any tariffs or taxes, for customers in different member countries. This helps customers understand the total cost of their purchase and can increase cross-border e-commerce within the custom union. LOST view: OV-Information Base Identifier: http://data.europa.eu/dr8/egovera/CustomsUnionInformationBusinessObject EIRA traceability: eira:InformationBusinessObject ABB name: egovera:CustomsUnionInformationBusinessObject EIRA concept: eira:ArchitectureBuildingBlock Last modification: 2023-08-21 dct:identifier: http://data.europa.eu/dr8/egovera/CustomsUnionInformationBusinessObject dct:title: Custom union information Information