INTERNATIONAL TRADE IN THE CONDITIONS OF DIGITALIZATION OF THE GLOBAL ECONOMY

In modern economic realities, the need for the formation of new mechanisms that provide an appropriate level of digitalization becomes obvious. The article is devoted to the process of digitalization, which is intensifying, observed in the world, leading to the blurring of both geographical and physical boundaries, which opens up new opportunities for both states and businesses, which contributes to the development of external and internal competitiveness. Based on the analysis of SWIFT data on international trade transactions, the article reveals the vulnerability of paper workflow and non-automated financial transactions, which became critical during pandemic restrictions. The article explores the possibilities of further digitalization in this area, which allows: to build a transparent digital state with the conditions for the development and activation of IT capabilities; to strengthen communication links between the enterprise and its stakeholders; use remote forms of work; find new markets to promote products and goods; create comfortable conditions for the population to carry out online orders, services and financial settlements as well. In the process of digitalization of international trade, the article recommends using financial, legal and organizational mechanisms to ensure the digitalization of economic processes, taking into account the neutralization of threats to the processing of trade operations, which will ensure the economic and information security of enterprises and society, and expand the process of participation of all citizens in society. Digitalization of financial transactions provides quick and reliable access to digital financial statements, therefore, there may be negative consequences of the widespread use of information and communication technologies by the state, enterprises, society, which made it possible to develop a control model within the framework of a partnership that warns about the occurrence of financial risks of business participants, thereby saving the ability to refuse or legalize financial transactions in the context of digital transformation.