London, United Kingdom – March 22, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is proud to announce a strategic partnership with the Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI). Signed yesterday, this Memorandum of Understanding (MOU) signifies a united effort to empower businesses across the Asia-Pacific region with cutting-edge technology and an unparalleled depth of data for enhancing international trade and supply chain transparency.
Under this MOU, CACCI member organizations and their constituents across 27 countries will gain priority access to ICTTM’s innovative platforms, ADAMkyc and ADAMftd, designed to revolutionize trade data analysis, market forecasts, supply chain mapping, and KYC compliance. This collaboration underscores a shared vision for a more transparent, efficient, and compliant global trade ecosystem. By providing complimentary access to ICTTM’s cutting-edge platforms to CACCI’s extensive network, the partnership is set to revolutionize how businesses in the Asia-Pacific region approach international trade, supply chain mapping, and KYC (Know Your Customer) compliance.
The Hon. David Wells, Board Chairman of the ICTTM, emphasized the partnership’s role in advancing trade transparency and facilitation, “Our cooperation with CACCI is a notable step towards our goal of driving innovation in global trade. The provisioning of our ADAMkyc and ADAMftd platforms to CACCI’s broad and diverse network of national chambers and beyond will empower businesses with the insights and tools needed for success in the international market, and marks a new era of trade efficiency and compliance.”
Mr. David Hsu, Director-General of CACCI, added, “The strategic partnership with ICCTM through the signing of the MOU certainly provides CACCI another valuable platform to further strengthen its role in increasing regional business interaction, promoting intra-regional trade and investments, and enhancing regional growth. CACCI believes that trade not only helps business supply the world with the goods and services we all desire, it also builds and maintains cross-border relationships, thereby making chambers of commerce and businesses truly merchants of peace.”
About The Confederation of Asia-Pacific Chambers of Commerce and Industry (CACCI)
The Confederation of Asia-Pacific Chambers of Commerce and Industry is a supranational organization committed to fostering economic growth and development across 27 countries in the Asia-Pacific region. Principally composed of the national chambers or associations of commerce and industry in Asia and the Western Pacific, CACCI provides a critical platform for business advocacy, networking, and resources, promoting international trade opportunities for its members and their constituents.
About the International Centre for Trade Transparency & Monitoring (ICTTM)
The International Centre for Trade Transparency is currently developing ADAMftd (Advanced Data Analytics and Modeling for Foreign Trade Data), a platform powered by artificial intelligence that aims to revolutionize international commerce by providing users with unparalleled insight and transparency into global supply chains. This innovative software application will provide direct end-user access to a plethora of information for businesses and governments to make informed decisions and predict market trends.
ADAMftd utilizes the billions of historical and real-time trade data points to forecast the future of trade. With our platform, businesses will have access to customer and competitor data, including paid prices, transaction history, supply and demand data, and forecasting capabilities. In addition, ADAMftd will facilitate supply chain modeling and authentication, enabling over 300 million businesses worldwide to comply with new global supply chain regulations.
