Collaboration Through Data Sharing
To achieve greater connectivity among customs agencies and all participants of the global trade ecosystem, a set of mutually-agreed upon data formats, standards, and protocols must be adopted in order to facilitate the exchange of valuable information. For example, the implementation of a global unique identifier to accurately identify trading entities enables agencies with a powerful and standardized means by which to crosswalk data among Mutual Recognition Agreement (MRA) partners.
These technological advances strengthen security by helping to accurately identify low-risk traders, while also increasing efficiency with account-based risk segmentation and cargo processing.
Intelligence-Driven Risk Management
The World Customs Organization (WCO) calls for agencies to adopt "intelligence-driven risk management" and build capabilities that enable them to take proactive, rather than just reactive, measures to mitigate risks. This is comprised of a number of tactics, including:
- The establishment of a single window that enables economic operators to submit their regulatory documents only once, rather than multiple times, to various government entities
- The expansion in the number of Trusted Trader Programs and MRAs between collaborating nations
- The implementation of a set of standards for global customs data exchange, specifically a global unique entity identifier that is recognized and adopted by all MRA partners
- The implementation of advanced and consistent risk assessment tools and technologies that monitor for changes in a trader's risk level
- Establish a standardized decision framework for increased transparency of your Tier N supplier network
Dun & Bradstreet helps federal, state, and provincial agencies understand the relationships among businesses in order to facilitate economic growth and make better-informed decisions.
Dun & Bradstreet data is a critical asset for organizations developing and implementing retention, expansion, attraction, and workforce intervention programs – supporting key economic development strategies:
Grow the sales volume of businesses within your state
Target firms that have succeeded without outside influence and are ripe for further investment
Know your market and invest in businesses that will have a positive impact on the local economy
Retain and support businesses that have direct and indirect influence on the local economy
Other Government Solutions
World merchandise exports increased to $19 billion in 2014, up from $5.2 billion in 1995