Effect of innovations on the international customs classification system: a technological aspect

The development of international trade and the multiple expansion of production capabilities poses the challenge of actualizing and updating the classification of goods to ensure their accurate and efficient customs processing. With rapid scientific and technological progress and the development of new technologies, traditional methods of goods regulation often fail to adapt to changes, creating barriers to innovation and preventing new products from entering the market. This article analyzes the impact of technological innovation on international trade, focusing on new materials and technologies such as synthetic diamonds and environmentally friendly methods of processing precious metals. Examples are given of the use of existing adaptive regulatory mechanisms, including regulatory sandboxes, which facilitate the introduction of innovative products in different sectors of the economy. The need to revise the current international commodity classification system (Harmonized System) towards a more flexible and dynamic model is discussed. Consideration of the concept of «living regulations» is proposed, which allows for a more rapid adaptation of regulatory norms and classification of goods to changes occurring in the market.