Nextrade drives SME ecommerce development in Central America with Cenpromype, U.S. State Department
September 13, 2019
In tandem with Huawei and eBay, Nextrade co-sponsored a lunch on trade policy priorities for the WTO Ministerial and beyond in December 2017 during th...
Optimizing trade policy for ecommerce -
Nextrade Co-Sponsors Discussion
April 27, 2017
Alliance for eTrade Development II formed between USAID and 10 companies launches
December 16, 2019
Nextrade at World Trade Symposium on ways to power interoperability in trade through technology
November 7, 2019
Nextrade CEO Kati Suominen joined a fast-moving panel at World Trade Symposium on how blockchain, AI, ecommerce, and next generation event-based payments will power world trade and interoperability among players in the trade ecosystem, with Michael White, CEO of Tradelens, Michael Farlekas, CEO of E2open, and Christopher Clague, Managing Editor, Economist. Group's broad agreement was:
Paper-based manual processes and duplication of efforts among the many players in the trade ecosystem -- exporters, freight forwarders, shipping lines, ports, customs, banks, importers, customs brokers, etc. - add a 20% surcharge on products that are traded.
Lowering these costs through digitizing and automating invoicing, payments, regulatory filings, logistics bookings, and so on to be triggered by the movement of the shipment from country A to county B will result trillions of dollars in savings for governments businesses and consumers.
To realize these gains, we need smart governance mechanisms among players that share data, and align governments' digital regulations behind cross-border flow of data. Regulations need to critically also interoperate across countries lest they fragment the global digital economy by national regulations.
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