The Matrix of Transparency in International Trade shows that there are different levels of transparency in each economic area, and even within the same economic area it is possible to see a wide variety of transparent environments. This Matrix demonstrates the relationship between the opportunity of doing business abroad and the risk of that business based on the uncertainties and discretion-ality in applying rules and procedures. The four different scenarios show the trade policy implications and the strategies to improve the consistency of policy to create a better environment to attract trade and investments. A normative set of conclusions requires a more rigorous grouping methodology across regions (or countries). In this paper we chose the regions and countries to illustrate the applicability of the framework