Trade Compass™ service helps you to solve international trade issues

Responding to international trade challenges

The global economy has encouraged free trade, yet protectionism has recently been on the rise. Examples include the Trump administration’s approach to international trade and “Brexit” (the withdrawal of the United Kingdom from the European Union).

Businesses need a professional trade intelligence function to handle future changes in trade policy that could result from various political agendas. It is also urgent to examine three-pole strategies involving Europe, North America, and Asia.

We would like to introduce Trade Compass™, a tool to comprehensively solve business management issues related to this international trade context.

Features of Trade Compass™

Many companies are perplexed when it comes to organizing future supply chains involving the United States, the United Kingdom, and the European Union. It is necessary to analyze not only existing FTAs, but also unreleased FTAs that will form the basis of future multilateral negotiations, such as the Regional Comprehensive Economic Partnership (RCEP). Trade Compass™ by Deloitte Tohmatsu is based on a enormous database including data on those unreleased FTAs. This helps businesses to reduce tariff costs by noticing insufficient use of FTAs, which directly affects early profit creation. Trade Compass™ promotes supply chain optimization by estimating risks such as tariff cost increases.

Raise profits by confirming tariff rates and Rules of Origin, and by reassessing supply chains

Trade Compass™ is a web-based service that allows you to easily and quickly look up and compare current tariff rates and Rules of Origin, etc. It enables users to make the most of trade agreements such as FTAs.

Users can also estimate possible tariff cost reductions and review their supply chain, according to tariff rates, exchange rate fluctuations and major import and export partner countries, as well as looking up the tariff classification codes (HS codes) of the goods they import and export.

Trade Compass™ enables early profit generation by reducing tariff costs. It also allows businesses to improve the accuracy of mid- to long-term investments such as supply chain optimization. Finally, custom consultation services by Deloitte Tohmatsu Tax Co. are also included.