FOREIGN TRADE AGREEMENTS, ELECTRONIC CONTRACTS AND SMART CONTRACTS

Abstract

This article explores the intersection of foreign trade agreements with the emergence of electronic contracts and smart contracts. In the rapidly evolving global business landscape, international trade plays a pivotal role in economic growth and cooperation among nations. Concurrently, the digitization of contractual processes has led to the advent of electronic contracts and the more advanced smart contracts, leveraging blockchain technology. This paper analyzes the impact of these digital contract forms on foreign trade agreements, investigating their benefits, challenges, and potential implications for international commerce. By examining legal frameworks, security concerns, and adoption rates, this study aims to shed light on the evolving landscape of foreign trade agreements in the digital era.