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 share 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.
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.
As local, regional, and national economic development organizations endeavor to promote local economic growth, access to 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.