International Trade and Finance in the Digital Economy Conference
On 30 August 2024, ACITI and ANZ hosted a day of discussion on the seismic shifts and opportunities for Australia's international trade and trade finance created by the rapidly advancing technologies bringing a real-time digital economy to life. Click HERE for a copy of the program and speaker biographies. And click HERE for a report on the conference proceedings and key outcomes.
2024 ACITI-Intern Project: Developing a 21st century innovative "single window" for international trade compliance and clearance.
Implementation of a trade single window employing current technology and data collection will reduce the regulatory hurdles Australian traders face. ACITI's interns completed this report examining precedents, current arrangements and options for implementing a single window.
You can read the report HERE.
ACITI's Bryan Clark, Ian Watt, Vice Chair, International Supply Chain section of the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) and Founder and CEO NeXTRADE World Pty Ltd, and John Ning, Principle Planner, International Cooperation Development Centre Taiwan Institute for Information Industry (III) discussed what's happening in the United Nations on paperless trade.
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In this Second webinar in the ACITI Realising Paperless Trade series, Steve Capell from Go Source to talks about how Verifiable Credentials (VC) and Decentralised Identifiers (DID) can be used in trade for addressing regulator and consumer demands for surety in supply chains, and for managing risks and opportunities related to environmental, social and governance criteria.
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Webinar 3 of ACITI's Realising Paperless Trade series featured Peter Carter and Patrick Jonasson from GS1 talking about advancements in HS code automation. Peter provided an overview of past projects and work in progress to help reduce complexity in HS Code classification based on GS1 product identifiers. He defined some of the practical issues and limitations and made suggestions on how Australia (via the Simplified Trade System/Customs) could leverage the “natural language of business and product identifiers” to streamline border processes based on the progress made in economies such as the United States, China, and New Zealand.
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The Australian Customs Act 1901 (as amended) is a key piece of the legislative architecture supporting Australia's international trade and compliance. Its foundation is over 120 years old with links to colonial precedents. In this webinar, ACITI's Bryan Clark spoke with Andrew Hudson, Partner at Rigby Cooke Lawyers, on whether the Customs Act is fit for purpose for 21st century paperless trade.
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Australia needs to learn from, and collaborate with, other countries if we are to make it easier for our traders to move product across our borders. To that end, ACITI's Bryan Clark had a fascinating discussion with Nick Davies, Director of the UK ICC Centre for Digital Trade and Innovation, about UK adoption of the UNCITRAL Model Law on Electronically Transferable Records (MLETR) and the impacts this is already having for UK businesses and their supply chains.
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In this episode, Bryan Clark discussed the development of a globally harmonized, digitized trade environment, as a key enabler of dynamic, sustainable, inclusive growth with Pamela Mar, Managing Director of the ICC Digital Standards Initiative (DSI).
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Due to technical difficulties, this video starts about 4 minutes into the presentation. You've only missed introduction of the speakers who are Gunnar Collin, Head of Sales, Trade Finance, Enigio and Ulf Eggefors, Head of Transport and Logistics also at Enigio. And the topic which is 'the practical application of electronic trade documents'. Enjoy!
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ACITI speaks to Paul Zalai, from the Freight & Trade Alliance (FTA) and the Australian Peak Shippers Association on past industry experience and views on best practice related to the cost recovery implications of simplified trade.
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ACITI's Bryan Clark speaks with Mark Borton, Founder and Managing Director of Toredo Global Consulting, on the management of the risks associated with financial crime in trade, invoice, and supply chain finance. Mark Borton is the Founder/Managing Director of Toredo Global Consulting, a Sydney-based trade, invoice, and supply chain finance consultancy. He is also a partner of the T3i Partner Network whose goal is to drive transformation through innovation in trade, treasury, and technology globally.
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ACITI's Bryan Clark discusses developments in the Border 5 members related to interoperable single windows, data sharing and trust approaches to support trade facilitation for legitimate traders and interrupt illicit trade across supply chains with US Customs and Border Protection’s Director of Business Transformation & Innovation Division (BTID), Vincent Annunziato.
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Bryan Clark spoke with Holly Miller Head of Fraud Solutions - APAC for Quantexa about modern approaches to managing corruption and remediation projects involving Third Party Risk monitoring and Data Analytics programs to increase the integrity of international supply chains.
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Bryan Clark talks to Bill Cole about modernising the Australian Customs Act and other associated legislative reform opportunities supporting paperless trade in the 21st century.
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