The International Centre for Trade Transparency Limited (ICTTM) and the Ukrainian Clusters Alliance (UCA) are pleased to announce that they have entered into into a Memorandum of Understanding (MoU), symbolising a landmark step in international trade relations.
The MoU, signed in a virtual meeting, is intended to provide UCA and its member companies with priority access to ICTTM’s upcoming ADAMftd software system, a groundbreaking tool set to revolutionize the international trade landscape.
As a frontrunner in fostering global trade transparency, ICTTM is in the final stages of developing the ADAMftd software system. This innovation is aimed at boosting transparency and compliance, thus aiding businesses in navigating the complex realm of international trade.
Partnering with UCA, a distinguished alliance that represents a wide network of Ukrainian businesses, presents an exciting opportunity for both parties. Through this collaboration, Ukrainian companies will gain an unprecedented advantage, ensuring their compliance with international trade regulations and facilitating their global market expansion.
“ICTTM is committed to providing UCA, and its members, with priority access to our ADAMftd software system,” said Hon. David M. Wells, Chairman of the Board at ICTTM.
The MoU also highlights the collaborative spirit between ICTTM and UCA, with both parties agreeing to actively work towards the continual improvement of the software system.
Olga Trofymova, Head of Internationalisation at UCA, expressed her enthusiasm for the partnership, stating that “the Alliance is prepared to encourage its members to actively engage with and provide valuable feedback on the ADAMftd system.”
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.
The Ukrainian Cluster Alliance (UCA), focusing on industrial and high-tech clusters, represents a unique union formed in response to the war in Ukraine. Initially established as Clusters4Ukraine in March, it quickly grew and was renamed the Ukrainian Cluster Alliance, uniting 60 cluster organizations with over 2,000 enterprises and science-research organizations. As of July, the UCA has been a full member of the European Cluster Alliance (ECA), cooperating regularly with ECA and ECCP to support Ukrainian entities through Cluster to Cluster (C2C) meetings and other international collaborations.
The UCA’s mission is to align the Ukrainian cluster movement with the principles of EU cluster policies, working closely with European clusters. Its coordinated national-level activities aim to cover all main Ukrainian industries, focusing on the internationalization of Ukrainian clusters. The structure of UCA emphasizes smart specialization, integration into European value chains, innovations, digital and green transition. Not only essential to the survival of Ukrainian innovative manufacturing enterprises, but UCA also stands as a key player in Ukraine’s Recovery Strategy for sustainable economic growth.