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Home News CrimsonLogic and partners to launch digital Asia-Europe trade corridor

CrimsonLogic and partners to launch digital Asia-Europe trade corridor

CrimsonLogic, a member of the PSA Group, has signed a Memorandum of Understanding (MOU) with the multimodal transport and logistics company KTZ Express and the local Information Technology partner Digital Silk Way to collaborate on the establishment of a digital trade corridor to ease trade for Kazakhstan region and beyond.

Chief Executive Officer of CrimsonLogic, Saw Ken Wye noted that as the world is seeing increased pressure on the global supply chain, this new digital trade corridor will facilitate trade via the Transcaspian International Transport Route, providing shippers and carriers more options, especially to land-locked countries.

The proposed digital trade corridor initiative, which is projected to serve the Transcaspian International Transport Route, starting from Southeast Asia and China, through Kazakhstan, the Caspian Sea, Azerbaijan, Georgia and beyond to Europe, is also estimated to facilitate better business-to-business-to-government (B2B2G) trade regulatory compliance and improve global trade connectivity digitally.

"With the increased trade flow between Asia and Europe, Kazakhstan is centrally positioned to serve as a logistic hub, especially for critical markets such as China," said Singapore-based Crimsonlogic.

The subsidiary of Kazakhstan Rail Company, KTZ Express will be the logistics operator for the integrated corridor for Kazakhstan and Central Asia.

Furthermore, according to a statement, the core of this corridor is an integrated solution consisting of Calista, a supply-chain orchestration platform by GeTS, a subsidiary of CrimsonLogic and another solution with local partner Digital Silk Way.

"Our cooperation will accelerate the transition to paperless technology for shippers and consignees to transport goods," commented Nurlan Igenbayev, CEO of KTZ Express, who went on to point out that this will strengthen international cooperation, increase transit traffic through Kazakhstan, and expand the market for transport services, as well as creating new logistics chains.

"We are taking on the challenge to transform existing processes to create a single platform that can provide seamless document flow digitally connecting China to Europe in the appropriate forms and languages," added CEO of Digital Silk Way, Doszhan Zhussupov.

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