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Showing posts from March, 2008

Rebuilding Public-Private-Partnership

Global Trade is reliant on an efficient Public-Private-Partnership to enable, grow and facilitate trade while concurrently achieving business objectives and complying with public policy regulations. Global business continuously strives to find ways to reduce trade transaction costs and increase trade volumes. Concurrently, Governments are challenged to effectively use only a limited budget to meet economic, customs and security policies without impeding trade. While these private and public roles are complementary, they are also a point of trade transaction friction. The sources of the friction include tightening customs, regulatory and security requirements, limited public infrastructure, port congestion and incompatible Business-to-Business and Business-to-Government processes. As globalization increases, the cost of this friction increases. In order to reduce this friction and sustain trade, it is necessary to see the Public-Private-Partnership in a new light. The new Public-Private