The World’s First Digital Trade Database to Increase Trade Data Visibility
The world’s first digital trade database will soon be the product of a recently announced partnership between Coriolis Technologies and
Global Trade Professionals Alliance (GTPA). The goal of this new platform will help solve issues related to global trade visibility, risk assessment, and critical information on the growth and pace of international trade.
“We are delighted to be working with the GTPA to improve the availability of good quality trade data, through the development of a digital trade database,” added Dr. Rebecca Harding, CEO of Coriolis Technologies. “Collecting and collating data has historically proved difficult, and this problem has been further compounded by the growth in digital trade, which is far harder to track than the movement of physical goods. The Coriolis-GTPA database will allow trade originators to understand precisely where the risks and the opportunities are around the world in politics, in economics and in reputation.”
The innovative database will provide visibility into the flow of global goods, services and strategic trade for banks, governments and investment communities, ultimately enabling them for strategic decision making. The companies confirmed the database will provide insight for the
Asia-Pacific region during the first stage of development.
“The benefits of international trade are currently the subject of debate in various contexts, however, it has long been demonstrated that, even with its systemic imperfections which must be acknowledged, trade has been a powerful driver for economic value creation, inclusion and poverty reduction, as well as peace and security,” commented Lisa McAuley, CEO of Global Trade Professionals Alliance. “The GTPA is pleased to partner with Coriolis Technologies as trade and investment data collection is imperative to drive robust trade policy decisions, analysis on the implementation and success of Free Trade Agreements and more importantly data that can be used to communicate the role of trade in a countries best economic interests to the general public.”