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Global Trade & Economic Development

Protect the global supply chain while creating trade
Improve Connectivity and Facilitate CommerceDun & Bradstreet enables customs agencies to improve connectivity with other agencies and trading partners, facilitating smooth international commerce and confident intelligence-driven risk management.

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.

collaboration
intelligence

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

Economic Development

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:

GROWTH
Grow the sales volume of businesses within your state
EXPANSION
Target firms that have succeeded without outside influence and are ripe for further investment
ATTRACTION
Know your market and invest in businesses that will have a positive impact on the local economy
RETENTION
Retain and support businesses that have direct and indirect influence on the local economy

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competitiveness

Global Competitiveness

As local, regional, and national economic development organizations endeavor to promote local economic growth, access to the most accurate, relevant, and current global business data becomes a key success factor. By leveraging this data, government agencies are able to mitigate economic loss due to changes in business and market dynamics, identify international opportunities for local businesses, encourage foreign direct investment, and promote job growth.

Other Government Solutions

World merchandise exports increased to $19 billion in 2014, up from $5.2 billion in 1995
World Trade Organization
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