International Centre for Trade Transparency & Monitoring and Towel Manufacturers Association of Pakistan Ink a Memorandum of Understanding

London, United Kingdom – September 22, 2023 – Marking a significant step in promoting international trade transparency and bolstering the textile industry, the International Centre for Trade Transparency and Monitoring (ICTTM) is delighted to announce the signing of a Memorandum of Understanding (MOU) with the TMA Towel Manufacturers Association of Pakistan (TMA) on September 22, 2023.

This collaboration represents an alignment of visions focused on driving innovation, efficiency, and transparency in international trade, particularly within the textile sector.

With ICTTM’s pioneering technology in analyzing and navigating global supply chains and TMA’s extensive experience and presence in the textile industry, this partnership is poised to expand the reach and impact of both organizations. The MOU sets the stage to provide TMA’s member companies with early and priority access to the ADAMftd platform, supporting new business opportunities and promoting ethical and transparent trade practices in the textile sector.

James S. York, CEO of ICTTM, expressed his enthusiasm about the partnership, stating, “This partnership with the TMA is a testament to our shared commitment to fostering transparency and ethical practices in international trade. By combining our technological expertise and breadth of available trade data with TMA’s rich heritage in the textile industry, we aim to unlock unprecedented opportunities for the TMA’s member companies, helping to grow an already multi-billion dollar industry.”

About TMA

The Towel Manufacturers Association of Pakistan (TMA) has been dedicated to globally highlighting Pakistan's Towel Manufacturers as high-end quality product exporters since 1965. Recognized by the Ministry of Commerce Government of Pakistan in 1976 as an “A” class Association, TMA has been steadfast in providing the best facilitation and global recognition to its valued members. With a mission to facilitate its members and a history of advocating for the textile industry, TMA stands as a pillar in Pakistan’s textile sector.

About ICTTM

The International Centre for Trade Transparency & Monitoring (ICTTM) stands at the forefront of fostering transparency and adherence to compliance within the realm of international trade. ICTTM is deeply engaged in the creation and deployment of innovative AI-driven tools, meticulously designed to analyze and navigate global supply chains, identify risks, and discover untapped markets. With a commitment to technological advancement and innovation, ICTTM is actively shaping a more transparent, secure, and efficient international trade ecosystem.

The Directors of the Board of the ICTTM include: Hon David Wells, H.E. Ambassador Sven Jurgenson, Viscount Lord Waverley, Hon Charles Mok, and Hon Iain Evans.