April 14, 2016
Thomson Reuters Global Trade Survey to Examine State of Market and Business Practice
NEW YORK – Thomson Reuters has announced the launch of the second annual survey of global trade professionals from multinational corporations, this year expanding to reach twenty-four countries across six continents in seven languages.
In conjunction with KPMG International, the survey aims to reveal major trends and developments related to the global trade industry. The survey report, which will aggregate dynamics and trends at country level as well as globally, will be published during Q3 2016.
The 2016 Global Trends in Global Trade Survey examines operational practices in global trade management systems, free trade agreements, tariff classification, systems integration, process centralization and transfer pricing. It is available in English, Spanish, Portuguese, Chinese, Korean, Japanese and Turkish and has been distributed to global trade professionals in multinationals across the following regions and countries:
- North America: United States and Canada;
- Latin America: Argentina, Brazil, Chile, Colombia, Mexico and Peru;
- Asia Pacific: Australia, China, India, Indonesia, Japan, South Korea, Singapore, Thailand and Vietnam;
- Europe: France, Germany, Spain and United Kingdom;
- Middle East / Africa: United Arab Emirates, Turkey and South Africa.
“The Global Trends in Global Trade Survey gives us a good indication of the main challenges faced by trade experts and multinationals allowing us to take action based on their needs,” said Taneli Ruda, senior vice president and managing director, Thomson Reuters ONESOURCE Global Trade. “With the second edition, we expect to see how the global trade landscape has shifted over the past year.”
In 2015, Thomson Reuters launched Thomson Reuters ONESOURCE Global Trade, an automated solution that enables multinational corporations to combine key supply chain information to gain complete visibility into their global trade operations — reducing risk, maintaining regulatory compliance, enabling quick and accurate movement of goods and maximizing profit.
Among key findings of the 2015 was that 70 percent of multinational organizations were not fully utilizing free trade agreements and therefore likely to be paying tariffs and duties in excess.
Thomson Reuters is the world’s leading source of news and information for professional markets. Our customers rely on us to deliver the intelligence, technology and expertise they need to find trusted answers. The business has operated in more than 100 countries for more than 100 years. Thomson Reuters shares are listed on the Toronto and New York Stock Exchanges (symbol: TRI). For more information, visit www.thomsonreuters.com.
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