London, United Kingdom – July 26, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is delighted to announce a new strategic partnership with the Bulgarian Chamber of Commerce and Industry (BCCI). This agreement, signed earlier this week, will empower businesses in Bulgaria with ICTTM’s cutting-edge trade and supply chain data platforms, ADAMkyc and ADAMftd, aimed at revolutionizing trade data analysis, market forecasts, supply chain mapping, and KYC compliance.
This collaboration emphasizes both organizations’ dedication to advancing transparency and efficiency in international trade. By offering BCCI’s members priority access to ICTTM’s innovative platforms, the partnership aims to streamline export and import processes, enhance compliance with supply chain transparency requirements, and enable businesses to thrive in the competitive global marketplace.
The Hon. David M. Wells, Board Chairman of ICTTM, expressed his enthusiasm for the partnership, stating, “We are excited to collaborate with the Bulgarian Chamber of Commerce and Industry. This MOU represents a significant milestone in our mission to enhance global trade transparency and efficiency. By providing BCCI’s members with our state-of-the-art tools, we are not only supporting their growth but also contributing to a more connected and streamlined international trade environment.”
Tsvetan Simeonov, President of BCCI, expressed his confidence that this memorandum will be the first step towards a long-term strategic partnership, stating “BCCI is eager to test and assess the data platforms and to provide chamber’s members with access to additional tools and market analysis, as one of the main tasks of the Chamber is to work for transparent and stable economic environment”.
About the Bulgarian Chamber of Commerce and Industry (BCCI)
The Bulgarian Chamber of Commerce and Industry is a premier organization with more than 52 000 members – traders, corporations, associations; 28 regional chambers and more than 90 branch organizations, dedicated to supporting the growth and development of businesses in Bulgaria. BCCI plays a crucial role in advocating for business interests, facilitating international trade relations, and providing its members with the resources and support needed to succeed on a global scale. The activity of the Chamber is based on the principles of voluntary membership, autonomy and self-financing.
BCCI implements its main tasks in benefit of business through the following directorates: Trade register and membership, Arbitration court, Economic Analysis and Researches, European Integration and Projects, Fairs and Exhibitions; International cooperation and International organizations.
About the International Centre for Trade Transparency & Monitoring (ICTTM)
The International Centre for Trade Transparency & Monitoring is at the forefront of developing ADAMftd (Advanced Data Analytics and Modeling for Foreign Trade Data), a platform powered by artificial intelligence designed to revolutionize international commerce by providing users with unparalleled insight and transparency into global supply chains. This innovative software application offers businesses and governments access to a wealth of information for making informed decisions and predicting market trends. ADAMftd utilizes billions of historical and real-time trade data points to forecast the future of trade, providing access to customer and competitor data, transaction history, supply and demand data, and forecasting capabilities. Additionally, ADAMftd facilitates supply chain modeling and authentication, enabling over 300 million businesses worldwide to comply with new global supply chain regulations.
