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ICTTM and The Estonian Marine and Manufacturing Initiative Ink Strategic Memorandum of Understanding Aimed At Enhancing Trade Data Analysis and Supply Chain Mapping in the Maritime Industry

January 7, 2024

London, United Kingdom – January 3, 2024 – The International Centre for Trade Transparency & Monitoring (ICTTM) is excited to announce a strategic Memorandum of Understanding (MOU) with the Estonian Marine and Manufacturing Initiative (EMI). This collaboration, signed today, is ICTTM’s first with an Estonian partner and represents an important expansion in its global network of partners, which is already inclusive of a diverse selection of industries and sectors. The MOU focuses on providing EMI’s members with priority access to ICTTM’s innovative tools, including the ADAMkyc and ADAMftd platforms, currently under development, which will put pivotal resources into the hands of manufacturers, enhancing their trade data analysis, market forecasts, supply chain mapping, and new customer identification.

This partnership will empower EMI’s members with advanced capabilities in key areas such as KYC (Know Your Customer) compliance, supply chain transparency, and predictive market insights. The collaboration aligns with ICTTM’s mission to provide cutting-edge solutions that facilitate comprehensive trade data analysis and supply chain mapping, essential for navigating today’s complex global trade environment.

H.E. Ambassador Sven Jurgenson, a board member of ICTTM, expressed his enthusiasm about this new partnership, stating, “We are thrilled to collaborate with the Estonian Maritime Initiative. This MOU is not just a milestone for ICTTM in expanding our presence into Estonia but also a testament to our commitment to supporting the maritime industry with our innovative tools. We look forward to a fruitful partnership that will benefit the maritime sector both in Estonia and globally.”

The Estonian Marine and Manufacturing Initiative (EMI) is a key player in the maritime industry worldwide, dedicated to creating sustainable and high-quality solutions. EMI unites professionals across various sectors to provide tailor-made solutions for marine and land construction projects, emphasizing innovation and quality in shipbuilding, international purchase services, and IT solutions.

The International Centre for Trade Transparency is currently developing ADAMftd (Advanced Data Analytics and Modeling for Foreign Trade Data), a platform powered by artificial intelligence that aims to revolutionize international commerce by providing users with unparalleled insight and transparency into global supply chains. This innovative software application will provide direct end-user access to a plethora of information for businesses and governments to make informed decisions and predict market trends.

ADAMftd utilizes the billions of historical and real-time trade data points to forecast the future of trade. With our platform, businesses will have access to customer and competitor data, including paid prices, transaction history, supply and demand data, and forecasting capabilities. In addition, ADAMftd will facilitate supply chain modeling and authentication, enabling over 300 million businesses worldwide to comply with new global supply chain regulations.