Policy and Negotiations
The cross-cutting nature of trade is such that it requires a comprehensive, integrated, and inclusive framework. While well-designed trade policies are vital to delivering long-term benefits for economies, so is the need for effective implementation.
At International Economics Consulting Ltd., we support the public and private sectors in navigating the policy and negotiation landscape regarding international trade. This includes establishing robust monitoring and evaluation framework through sophisticated real-time dashboards and reporting systems to ensure the best outcomes. We provide advocacy services to empower delegations and negotiators to participate effectively in trade negotiations and deliberations and advocate for their countries' interests and positions.
How do we help our clients in Policy and Negotiations?
Ensuring inclusive growth and development
To ensure that countries and businesses benefit from trade opportunities and to ensure complementarity with other development objectives, we give due consideration to adaptation measures and ensure that trade serves as a driving force for equitable growth.
Conducting multi-criteria analysis for regulatory and impact assessments
We assist organisations in undertaking regulatory and impact evaluations to promote informed policy-making and ensure regulatory effectiveness and efficiency. Our approach draws on a diversity of stakeholder knowledge, facilitates understanding on non-quantifiable market effects, and provides guidance on the magnitudes and direction of impacts of regulations and policies.
Building Economic Models and Simulations
We assist a range of institutions in building economic indicators to analyse the trade flows between countries inside and outside Free Trade Agreement memberships and identify patterns, trends, and trade complementarity in value chains of goods and services between member countries.
Designing effective programmes in complex environments
Our approach is based on mapping out existing strategies and policies in sector and cross-sector fields, followed by an analytical, diagnostic study of the current performance and challenges to the system. We run projections and simulations using scenario analysis to evaluate multiple policy options and their trade-offs.
Data Collection and Analytics
Our analytics team utilise emerging and advanced modelling techniques and have equally developed multiple interactive dashboards to facilitate decision-making for our clients. Our dashboards allow them to compare data across multiple jurisdictions and sectors and analyse trends, opportunities and risks related to their operations.
Ensuring policy coherence
We support governments in ensuring that industrial, investment, trade or other private sector policy instruments are conducive to the country’s economic growth and development objectives. We ensure that the measures undertaken are not subject to duplication or contradiction to existing efforts and thus ensure predictability.
Designing implementation modalities and strategies
We help countries design and implement robust monitoring and evaluation frameworks and results in measurement systems using sophisticated real-time dashboards and reporting systems.
We focus on bridging the gaps in the technical and negotiating capabilities in many countries by supporting them in preparation for negotiation rounds; advising on coalition building; and ensuring effective coordination and structured, institutionalised dialogue between ministries and relevant stakeholders.
Defining objectives and reaching effective outcomes
We assist countries in obtaining a clearer picture of their offensive and defensive interests in trade negotiations. We empower delegations and negotiators to reach outcomes aligned with their country’s interests and positions.
Advocating for best interests
We provide customised advocacy solutions for sustainable growth. From determining our clients’ specific requirements and interests to designing an effective strategy, we represent and advocate for our clients in various trade-related matters and facilitate coordination between different organisations.