CrimsonLogic Signs Milestone MOU To Establish a Digital Trade Corridor To Promote Asia-Europe Trade Routes

SINGAPORE / NUR-SULTAN, KAZAKHSTAN – Media OutReach – 30
November 2021 – CrimsonLogic, a leading global provider of Trade solutions,
products and services headquartered in Singapore, has signed a
Memorandum of Understanding (MOU) with KTZ Express (a subsidiary of Kazakhstan
Rail Company and a national logistics operator) and local IT partner – Digital
Silk Way to collaborate and establish a Digital Trade Corridor to promote trade
for the region and beyond.

The
proposed Digital Trade Corridor initiative will serve the Trans-Caspian International Transport Route, which starts
from Southeast Asia and China, through Kazakhstan, the Caspian Sea, Azerbaijan,
Georgia and beyond to Europe.  This initiative is closely aligned
to Kazakhstan-2050 Strategy* to enhance economic pragmatism and support
entrepreneurship.  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. 

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.  This initiative
will facilitate better B2B2G trade regulatory compliance and improves global
trade connectivity digitally.  KTZ Express will be the flagship logistics
operator for this integrated Digital Trade Corridor for Kazakhstan and Central
Asia. 

Mr Saw Ken Wye, Chief Executive Officer of CrimsonLogic said: “In
this new norm, the world is seeing increased pressure on the global
supply-chain.  With this new Digital Trade Corridor, it will make it
easier to facilitate trade via the Trans-Caspian
International Transport Route, providing shippers and carriers more
options, especially to land-locked countries.  As a long-term strategic
tech player in Kazakhstan, CrimsonLogic is delighted to enter this MOU with
like-minded partners such as KTZ Express and Digital Silk Way to help elevate the
country’s status as a global logistic hub.”

Mr
Nurlan Igenbayev, CEO of KTZ Express said: “Our cooperation will accelerate the
transition to paperless technology for shippers and consignees to transport
goods.  Most importantly, this will strengthen international cooperation,
increases transit traffic through Kazakhstan, expands the market for transport
services, as well as creating new logistics chains.”

Mr Doszhan Zhussupov,
CEO of Digital Silk Way said: “We believed that increasing the effectiveness of
the Trans-Caspian International Transport Route and transforming the related
digital infrastructure will best serve Kazakhstan and stakeholders in the trade
and logistic community in Asia and Europe.  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.  The platform will be powered by our CrimsonLogic and
GeTS partners, and with their extensive experience in trade facilitation and
logistics, it will definitely transform the business environment in this
region.”

*Source: Strategies and programs — Official website of the President of the Republic of Kazakhstan (akorda.kz)