Trade analysis and information system

TRAINS is a computer database that stores a lot of different information on how to regulate financial trading, which operates on its own software and contains tools that help overcome barriers to access to markets and its opportunities. Such system helps to think through the course of action in order to conduct successful negotiations and obtain many prospects at the regional or multilateral level. Many of these data have been open to different countries and are available almost 30 years.

The database contains information on non-tariff measures, on para-tariffs, on import of suppliers based on HS 6-digit. This system was developed by the UNCTAD Secretariat, which decided to put together all the information on the preferal rates of duties, on the foreign policy of the countries, on the rules for the appearance of goods, on the current state of international market and others. The computerized information was already ready for use by 2005, the system was ready at the technical level. The Secretariat also made access to the system selective, only for countries that are members of the WTO.

 

Many people want to know what is the best WITS or TRAINS. The first is software that is needed to integrate databases that function to collect and analyze trade information. And TRAINS is a ready-made working system that already has an integrated platform. The system collects information, analyzes it and divides it into necessary sections for further use by persons who have access. The difference is obvious, so the system is part of the software on the basis of which it functions. This platform is the result of the WITS, part of it, one of the 4 elements of this software.

 

 

Many of these countries consider this system very useful for making important decisions regarding the political situation within these states. The government receives data through TRAINS, and this helps them to think about solutions. The system also helps to conduct trade negotiations and shape the policy of the country as a whole. Information from the system goes to policy makers and they make certain decisions.

 

Currently, UNCTAD has issued almost 1,000 official permits so that certain individuals can access the system via the Internet. Policy makers have difficulties with non-tariff regulation. And the system helps to solve these difficulties with the help of a constantly updated database, where all new non-tariff measures are emerging. These data help to develop a strategy for resolving the situation in countries. System receives a variety of information about imported and exported goods, as well as data on sanitary measures and technical barriers. These are complex conditions for exporting goods from countries that are members of the UNCTAD system.

 

Exploring this data may allow the trader to draw up strategies for successful transactions. Not all data can be in the public domain, this information helps at the political level, but this is very important economic data. Such a system can help make incredibly accurate forecasts, but the system is not available for people like users of financial markets.

 

It can be concluded that this database is a global repository of trade data from many countries. This is invaluable information that could help different states to improve their policies and economic condition. But like any data of such importance, it can be harmful if it falls into the wrong hands. For this reason, the UN decided to close access to this database and only make 1000 permissions for certain persons.

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