GTS has created strategic partnerships with both obligors and companies that look to expand their presence in the Global Marketplace. Most of these relationships are long term with a successful history of achieving mutual goals and objectives. GTS continues to look at additional relationships that will support its international client obligations. If you are interested in forming a partnership with GTS, please contact us. Here are two such global partners. We encourage you to visit these sites and explore opportunities, as you conduct your international activities. GTS will periodically showcase other strategic partners on this page.
IC² Institute at The University of Texas at Austin has devoted more than thirty years to establishing itself as a leader in research, understanding and application of technology commercialization and technology-based venture creation. The IC² Institute’s Global Commercialization Group (GCG) creates programs and implements IC²’s lessons learned and best practices for international clients with a strategy to focus on technology commercialization and technology-based venture creation to drive economic growth. GCG simultaneously generates real results while transferring know-how to its clients so that they can sustain a system for wealth creation. This is done through the identification and development of the client’s most commercially viable technologies; the creation, incubation and acceleration of technology-based, high-growth, globally-competitive ventures; and the establishment of innovation systems and centers of knowledge.
GTS continues to partner with GCG to identify and implement GCG programs in support of GTS clients worldwide. We are implementing or have programs ready to deploy in South Africa, Czech Republic, Slovenia, Portugal, Norway, Hungary, and Croatia. We exploring with local partners in Malaysia, Taiwan, Canada, and Romania. We are willing to look at your specific requirements, on a country basis.
Please visit the IC² GCG website at https://www.ic2.utexas.edu/global/
Please contact GTS or GCG for more information.
ACME Industries has established a business unit to assist foreign companies become globally competitive. AMT works with interested companies to improve their productivity and then compete successfully for machining opportunities from ACME as well as other third parties. Payment for AMT services can be accomplished through industrial cooperation or offset programs.
TRACE is a non-profit membership association that pools resources to provide practical and cost-effective anti-bribery compliance solutions for multinational companies and their commercial intermediaries (sales agents and representatives, consultants, distributors, suppliers, etc.).
TRACE provides several core services and products, including: due diligence reports on commercial intermediaries; model compliance policies; an online Resource Center with foreign local law summaries, including guidelines on gifts and hospitality; in-person and online anti-bribery training; and research on corporate best practices.
For multinational companies, TRACE provides a practical and cost-effective alternative to increasingly expensive and time-consuming corporate compliance. For commercial intermediaries, TRACE offers a marketing advantage by creating a bridge between them and companies doing business internationally.
Companies cannot afford to ignore the realities of doing business in today’s increasingly complex compliance environment.
Over the past ten years, an increasing number of countries have enacted anti-bribery laws to implement international anti-corruption conventions criminalizing the bribery of foreign public officials. The new laws typically state that a business will be liable for the corrupt acts and/or the improper payments made by an intermediary if management “knew or should have known” that a particular intermediary was likely to make an inappropriate payment. Thus, companies are required to conduct sufficient due diligence on prospective intermediaries to ensure that they are committed to transparent business practices regardless of business pressure, local law or custom. Anti-bribery laws, however, are deliberately vague on the issue of “sufficient due diligence.”
TRACE was founded to achieve economies of scale and set a common standard for two shared elements of anti-bribery compliance: due diligence reviews and anti-bribery training for business intermediaries and company employees based around the world.
TRACE serves two types of business enterprises: commercial intermediaries and the multinational companies who retain their services.
The term “commercial intermediary” generally refers to any third party entity that interfaces between the principal (a multinational company) and the customer (whether government or commercial). Commercial intermediaries may include sales agents and representatives, consultants, distributors, joint venture partners, financial advisors, real estate brokers, and accountants and lawyers.
To learn more about TRACE membership requirements and services applicable to your business enterprise, please select the appropriate link on the left or download the TRACE brochure.
Intermediaries can be individuals or companies; in some cases, they may even be multinational corporations in their own right. If you were referred to TRACE by a multinational corporate member for the purpose of completing a due diligence review, you would be considered for membership as a commercial intermediary.
If you are still uncertain which membership category applies to you, or you have additional questions about TRACE membership, please contact Member Services at [email protected], or call +1 410 990 0076.