On the 28th July 2023, the International Centre for Trade Transparency Limited (ICTTM) and the Ukrainian Clusters Alliance (UCA) announced 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."
About ICTTM:
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.
About UCA:
The Ukrainian Clusters Alliance is a renowned organization representing a diverse network of Ukrainian companies. Its mission is to expand market reach for its members and ensure their adherence to international trade rules and regulations.
Media Contact
Company Name: International Centre for Trade Transparency Limited
Contact Person: Marc Ian
Email:Send Email
Phone: +447537172050
Address:71-75, Shelton Street, Covent Garden
City: London
Country: United Kingdom
Website: www.icttm.org
