Trade Foresight, a one-stop solution that opens the doors to making smart and effective trade strategies and decisions.
A comprehensive solution to all your needs for trade related information, Trade Foresight opens the doors to consolidated analysis of trade data from a variety of Data Sources and thus empowers Governments and Small Medium Enterprises (SMEs) with a complete horizon of econometrics with in-depth understanding of legal circumstances leading to better business and trade decision making.Product Profile
Trade is a negotiation game hence governments/enterprises need to be well-prepared when they sit at the negotiation table. It is crucial, thus, to have near-to-perfect information about their own trading patterns and the trade patterns of partner countries. This helps them to get the most out of trade deals. TRADE FORESIGHT aids in this aspect by providing up-to-date data and help them in keeping an upper-hand.
In present times, tariffs are usually low as being a WTO member ensures lower tariffs. However, with the advent of different quality standards imposed on food items, surgical instruments, life-saving drugs etc. there has been a rise in non-tariff barriers (NTBs) to trade in goods and services. TRADE FORESIGHT helps governments and enterprises alike to facilitate evidence-based policy reform, focusing on NTBs.
With the rise in global value chains, it is important that economies focus more on promoting trade and opening borders. However, such actions are not always possible due to lack of trade facilitation measures and infrastructure development. By providing governments/enterprises with the necessary information and data on their current infrastructure scenario and helping them forecast the benefits of investing in such development, TRADE FORESIGHT facilitates in strengthening institutional infrastructure for regional and global integration.
Products that an economy is better at producing than others is its comparative advantage. Therefore economies need to be well aware about the goods they specialize in and the ones they should invest for import to ensure minimal losses in tariff revenue. In order to determine comparative advantage, economy needs accurate and timely data as well as complex computations. TRADE FORESIGHT helps in providing both, to help governments save time and focus on creating efficient and effective policies.
The inclusion of SMEs perspective in policy-making process is crucial in linking them to global value chains and enhancing their competitiveness. By providing micro-level data to the governments and by providing government policies to SMEs, TRADE FORESIGHT helps in bridging this gap between public and private sector and thus, helps both in achieving their respective goals and perform at optimal level. Furthermore, TRADE FORESIGHT maintains database regarding international standards applied to different products which helps SMEs stay up-to-date and raise their product quality to the par.
TRADE FORESIGHT is a one of its kind solution that unifies economy embellishing essentials by providing revolutionary features:
TRADE FORESIGHT provides the ability to search for trade data from a wider horizon, like regional to granule level, like specific industry of a given country.
TRADE FORESIGHT also gives a single view platform where user can have detailed knowledge about every possible aspect for any product being traded globally.
Certain factors for trade hold great significance and should be monitored frequently in order to identify which areas are lagging.
TRADE FORESIGHT provides insightful visualizations to help monitor and effectively manage your trade and make competent decisions that are crucial for trading both at national and international level.
“Smart Text” is the feature that allows the user to navigate to specific pre-defined links against the country or products within in-text descriptions of analysis.
The users can also receive alerts and notifications on the set benchmarks or peak variations, to keep them informed so that risk and potential issues are minimized.
Touch-optimized reports and dashboards put critical information at user’s fingertips no matter what their location is. With TRADE FORESIGHT’s Mobile Analytics, complex analysis can be done on-the-go.
TRADE FORESIGHT’s facilitates its audience with wide library of KPIs allowing its users to get a comprehensive analysis.
Trade Foresight is successfully deployed at SEDA as a comprehensive one stop solution that would incorporate the needs of various business stake holders, providing them with timely and meaningful Export and Import related analytics for various countries, industries and products, improving the quality and transparency of trade-related information, and strengthening public-private dialogue.
Built on the data pulled from various credible sources including but not limited to WORLD BANK, WITS, SAMA, UN COMTRADE to name a few, along with SEDA’s local data sources added as part of the overall Data Warehouse, Trade Foresight supports SEDA by:
The plaorm further provides relevant informaon for the final users via advance visualizaons both on web portal and dashboards, enabling smart decision- making capabilies and up-to date trade related informaon to SEDA. It does this by providing Holisc Global Trade Informaon for all globally traded products, market analysis and economic overview.View Success Story