The abreviation of
Global Trade & Technology Network should have been
GTTN or GT&TN. The reason it is named
GTN, because it was previously named
Global Technology Network (GTN). The objective of GTN was to transfer US technology from the USA to the LDCs and Developing Countries.
But, after a study, the consultants found that, if GTN can help the LDCs and Developing Countries for export and import then the demand for US technology can be enhanced. It is kind of a after sales service, where the technology providers also tell where you can market your product made by their machines. Believing this fact, The
Global Technology Network (GTN) turned into
Global Trade & Technology Network. But, the brand name
GTN was so popular that, the authorities could not change the abbreviation.
US-GTN was previously managed by the fund of USAID. Recently, from the start of 2005, USAID stopped funding. But, GTN did not stop functioning. It is currently manage by its successor -
International Business Linkages (IBL). I was involved with GTN for a year and registered about 250 companies myself. The Bangladeshi database in GTN is not quite good in terms of quantity. However, the directory is one of the best quality directory in Bangladesh. To approve each SME in this directory. I had to visit each company and assess 3 things:
1. Their legal existence through trade license, VAT certificate, TIN Certificate, Certificate of Incorporation,
2. Their physical existence through visiting their premises
3. Their capability to either import or export through Export or Import Certificates
To utilize the directory, you need to be a member of GTN. Currently, GTN is not limited to LDCs or Developing Countries. They constantly increasing the number of countries. They also have
affiliates in several countries, through whom they can offer business linking services offline and beyond the GTN platform.
The directory is probably one of the best directories in the world for
Jute Fiber Exporters, low cost apparel exporters, and handicrafts exporters from Bangladesh. However, in my career life with GTN, I found no harmony or traceable trend in Importers of Bangladesh.
Labels: Bangladesh Trade Portal, Bangladeshi B2B Portal, Garments Exporters Directory, Global Trade and Technology Network, GTN, Jute Exporter Directory, LDC, SME, SMEs, Trade Facilitation, USAID Program
