We found that economists have sophisticated tools for analysing the potential impact of trade policy agreements, however that they are typically expensive, require highly skilled people, work at a fairly aggregate level, and make very heroic assumptions of the underlying data. They are often unaffordable and require highly expert ‘intelligent customers’ who are often in even shorter supply of cash, particularly but not only, in developing countries.
Therefore our solution was to create 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. Our 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.