The Solution: TradeSift
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TradeSift is an innovative piece of software designed to provide robust and consistent analysis of trade and trade-policy choices without the need for complex,
expensive models or highly qualified economists or consultancies.
TradeSift was conceived following a request from the UK Department for International Development (DFID) to develop a tool so that international trade policy could
be analysed by their desk officers without complicated tools and expensive resources.
The intention was to empower those policy analysts with core economic knowledge to evaluate trade policy in a cost-effective and time-efficient manner,
with a particular focus on aiding developing countries that lack extensive financial and human resources.
The solution to the problem was a conceptual framework based on flexible diagnostic trade indicators, checklists of key areas of analysis to be covered,
and ‘rules of thumb’ to allow fast and consistent assessment of costs and benefits.
The TradeSift software makes the process much faster, providing an easy-to-use interface that allows the analysis of freely available international
trade data without the need for complicated modelling. With it you can analyse trade policy before and after implementation, and generate negotiating priorities
and strategies based on actual trade and economic performance. You can calculate the diagnostic trade indicators easily, and then quickly and accurately generate graphs,
tables and reports using TradeSift’s integrated report writer.
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TradeSift Key Features
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TradeSift allows you to quickly and easily analyse an individual country's trade, or trade between many countries,
as well as giving you the possibility to explore the evolution of trading patterns over time.
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The product has been developed with (hard pressed) desk officers in mind.
It can be used to analyse and assess policy proposals, to spell out the pluses and minus, to let the policy maker sensibly make a balanced judgement.
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The value-added from TradeSift is the ability to analyse trade and tariff data in a useful and coherent fashion and help generate negotiating priorities
and strategies. It has the exceptional advantage in that it can be applied at almost all levels of disaggregation.
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TradeSift has been designed with the user in mind, with a simple, intuitive and easy to use interface.
This makes it much easier to provide snapshots of trade, to analyse trade issues such as regional trade agreements or export opportunities.
Sophisticated (and expensive!) economic modelling or highly technically qualified economists are not needed.
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TradeSift is based on the intelligent use of diagnostic statistics / indicators of trade, and tariff data which are firmly based on underlying
economic theory.
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Built into TradeSift is the ability to easily create meaningful charts and tables of the trade and tariff data, and of the indicators.
This is an indispensable tool for the preparation of reports.
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The diagnostics feed into a wider framework of checklists of issues and 'rules of thumb' which allow the relatively,
rapid and consistent cost-benefit assessments of trade policy options.
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TradeSift has an integrated report writer fully compatible in both directions with MSOffice and standard word processing packages.
This enables you to write reports from within TradeSift and easily drag and drop graphs and tables where you want them.
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