STUDY OF INTERNATIONAL TRADE LAW IN THE ERA OF INDUSTRIAL REVOLUTION 5.0

Abstract

This research aims to examine aspects of international trade law in the context of the Industrial Era 5.0. The Industrial Era 5.0 is a continued development of the Industrial Revolution 4.0 which is characterized by the integration of high technology, including artificial intelligence, the Internet of Things (IoT), and blockchain technology, into global production and trade processes. This research focuses on the impacts and legal challenges faced by international businesses, trade organizations and countries in the face of this rapid economic transformation. The research methods used are legal document analysis, case studies, and interviews with international trade law experts. The research results show that the Industrial Revolution 5.0 resulted in profound changes in international trade regulations. Advanced technologies such as artificial intelligence, Internet of Things, and blockchain have changed the global trade landscape. The impact of the Industrial Revolution 5.0 on international trade law is very complex. One of the main impacts is the need for adjustments in international trade regulations and compliance, intellectual property protection, E-Commerce trade, and logistics and transportation. Apart from that, this research reveals the challenges of international trade law in the era of the industrial revolution, namely in the form of increasingly fierce competition, the emergence of new trends in the global economy, adopting new technological developments in international trade law, maintaining privacy and security of information and data, and cyber security.