The International Centre for Trade Transparency Limited (ICTTM) takes another stride towards revolutionising international trade by signing a Memorandum of Understanding (MoU) with the Ukrainian Automotive and Mobility Cluster (UAMC). This partnership will see the UAMC and its member companies granted priority access to the upcoming ADAMftd software system being developed by the ICTTM.
ICTTM is focused on enhancing transparency and compliance in international trade. The UAMC, a prominent network of Ukrainian companies in the automotive and mobility sector, has a strong commitment to ensuring its members’ adherence to international trade regulations and to assisting them in expanding their global market reach.
The MoU outlines a cooperative relationship that not only prioritises access to the ADAMftd software system for UAMC and its members but also aims to stimulate economic activity within the Ukrainian automotive and mobility sectors. It supports compliance with international trade regulations and helps identify new opportunities in international markets.
“We’re thrilled to extend priority access to our cutting-edge ADAMftd software system to the UAMC and its member companies,” said Hon. David M. Wells, Chairman of the Board at ICTTM.
The partnership also encourages an ongoing dialogue for continual system improvement, with UAMC pledging to promote the ADAMftd system amongst its members and to motivate them to provide constructive feedback.
Olga Trofymova, Cluster Manager of the UAMC, noted, “Our collaboration with ICTTM marks an important step towards our goal of enhancing our members’ global trade capabilities while maintaining transparency and compliance.”
The International Centre for Trade Transparency Limited (ICTTM) stands at the forefront of fostering transparency and adherence to compliance within the realm of international trade. The organisation is deeply engaged in the creation and deployment of innovative AI-driven tools, meticulously designed to analyze and navigate global supply chains.
The ICTTMs sophisticated technology is instrumental in pinpointing various risk factors within supply chains. These include potential areas of fraud, diversions in the supply chain, payment and supplier risks, sanctions liabilities, threats linked to environmental catastrophes, and violations of human rights. Furthermore, ICTTM’s tools extend beyond risk management. They are crafted to map the complex landscape of supply chains, assist companies in discovering untapped markets, predict trends in market growth and stability, and ascertain the specific requirements needed for products to penetrate diverse markets around the world.
Through their unwavering commitment to technological advancement and innovation, ICTTM is not only responding to the current demands of global trade but actively shaping its future, ensuring a more transparent, secure, and efficient international trade ecosystem.
Founded in 2018, the Ukrainian Automotive and Mobility Cluster (UAMC) was established by prominent component manufacturers within the automotive industry. This initiative includes key founding members such as KOSTAL, LEONI, SEBN, Kromberg & Schubert, VD MAIS, Spheros Elektron, as well as the participation of the German-Ukrainian Chamber of Commerce and Industry. UAMC serves as a collaborative platform that unites manufacturers, suppliers, service providers, educational bodies, research institutes, associations, and government agencies. The goals of the UAMC are multifaceted, encompassing the following key objectives:
- Facilitating favorable business conditions within the Ukrainian automotive sector.
- Encouraging and promoting the localization of production in Ukraine.
- Acting as a catalyst for the development of Mobility and SMART infrastructure within the country.
- Supporting and enhancing the capacities of Ukrainian automotive companies, fostering growth and innovation in the industry.