Recently, Ukraine's Verkhovna Rada, or parliament, has made significant amendments to their customs legislation which affect the way transactions to and from the country are carried out. This news is in response to the Level 1 Action Plan, Enablement of Trade Transparency – Improving Customs Regulations. This action plan was proposed by the European Union (EU) in an effort to modernize Ukraine's customs operations and international trade operations. The amendments will result in an improved system for the transfer of goods and materials by allowing businesses to conduct transactions more quickly and efficiently in comparison to the current paper-based system. The new regulations take into account current trends in international trade and will allow businesses to take advantage of the new digitalized systems available for carrying out transactions. The primary change is that companies engaged in authorized transactions will no longer be required to obtain an electronic seal affixed to documents or other materials. Instead, they will need only to electronically identify and authenticate their businesses. This simplified process will ensure faster and more secure transactions, and reduce the burden of obtaining the required certification for goods. Additionally, the amendments implement a mechanism to allow foreign companies to use electronic seals in order to be able to proactively monitor and manage their operations. This amendment will offer companies more control over their transactions, allowing them to be aware of any irregularities should they arise. The changes are expected to make international trade transactions much easier for businesses in Ukraine, and for foreign companies that often conduct business in the country. They should also help streamline the process and reduce the costs associated with such transactions. Ultimately, the amendments should help facilitate greater collaboration and trade between Ukraine and other European countries, leading to a stronger economic partnership.