ICC Digital Standards Initiative launches expanded recommendations for trade documents
8 November 2023
The ICC Digital Standards Initiative (DSI) has unveiled its expanded digital standards recommendations under DSI’s Key Trade Documents and Data Elements (KTDDE) practice today. The launch marks a major step forward in DSI’s mission to bridge the gap between standards and adoption within industry.
The launch of the baseline analysis for 14 key trade documents – covering transport and logistics, finance and payment processes and documents of title – adds to the existing set of seven documents launched in March 2023. The enhancement includes a new key trade data glossary and data sharing map across the 21 documents developed by the KTDDE working group over the last six months.
The work builds upon foundational standards work by standards development organisations such as the World Customs Organization (WCO) and United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT) and industry organisations such as The International Trade and Forfaiting Association (ITFA), the Global Legal Entity Identifier Foundation (GLEIF) and GS1, among others. The expanded package serves as a foundational resource for promoting alignment and interoperability across networks and supply chains.
The launch took place at a dedicated event organised by ICC UAE and hosted by Dubai Chambers, upon the conclusion of the MENA Supply Chain Finance Forum.
For more information about the ICC Digital Standards Initiative and the Key Trade Data Glossary, please visit www.dsi.iccwbo.org
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