Source: Media Outreach
Headline: ASEAN gets a boost in trade led by GeTS and FMFF; expands across Asia starting with Taiwan
An initiative championed by ASEAN Federation of Forwarders Associations(AFFA), together with Federation of Malaysian Freight Forwarders (FMFF), Federation of ForwardersAssociations in the Philippines (FEDFAP), Vietnam LogisticsBusiness Association (VLA) and Myanmar International FreightForwarders’ Association (MIFFA) to bring their members on board thehive trade facilitation platform powered by GeTS
Initiative expands across Asia with Memorandum of Understanding (MOU)with Taiwan Freight Logistics Association (TFLA)
KUALALUMPUR, MALAYSIA – Media OutReach – 5 October 2017 – hive (highlyinterconnected & vibrant e-trade), a freight forwarder community centric platformpowered by Global eTrade Services (GeTS, a subsidiary of CrimsonLogic, and a leadingprovider of eGovernment products and services headquartered in Singapore) isset to facilitate connectivity between freight forwarders, their businesspartners and Customs agencies.
hive makes trade easier, more accessible,and predictable by enabling businesses to meet trade compliance requirements forCustoms authorities worldwide. This trade facilitation platform is acollaboration of logistics and forwarder associations championed by ASEAN Federation of Forwarders Associations (AFFA), Federation of Malaysian Freight Forwarders (FMFF), and Taiwan Freight Logistics Association (TFLA)with pioneer members that include Indonesia, Singapore and Thailand. Users willalso be able to search and connect with tens of thousands of businesses from allover Asia using hive’s Partner Discovery Service.
Other AFFA members coming onboard the hive platforminclude the Federationof Forwarders Associations in the Philippines (FEDFAP), Vietnam Logistics Business Association (VLA) and MyanmarInternational Freight Forwarders’ Association (MIFFA). The combined number of members from all thelogistics associations of AFFA, numbering in excess of 10,000, will be using hive to facilitate easier trade across ASEAN.
An MOU signing with Taiwan FreightLogistics Association (TFLA) at launch expands hive’s trade connectivity beyondASEAN, enabling AFFA members to have access to the Taiwan shipping communitiesand to have more efficient trade declarations in this market.
“ASEAN is celebrating its 50th Anniversarythis year and continuing to deepen ties and trade among its members, as well asacross the region. What started off as US$10b in trade when ASEAN started outin 1967, hasgrown to US$2.219 trillion last year. Strengthening logisticsinfrastructure will be the key to further growth across the region in thefuture. With hive, we will drive greater collaboration, enabling businesses to achievegreater efficiency, productivity and growth,” said Mr EugeneWong, Chairman of CrimsonLogic and GeTS.
Researchby the APEC Business Advisory Council, University of Southern California,Marshall School of Business finds that global e-commerce firms on averageexport to 30 to 40 different economies compared with 3 to 4 economies fortraditional exporters. hive will enable its members to quickly andefficiently meet cross-border trade compliance requirements for more than 50Customs authorities worldwide, saving them time and increasing productivity.
“Asiaaccounts for a significant percentage of the global trade. Collectively, ASEAN,home to one of the most vibrant markets, would be world’s third largest market,with Malaysia a leading economy in the region. In the last year alone, GeTS has alreadyconnected more than 163,000 parties to each other, conducted more than 900,000trade transactions and moved more than 71.5 million tonnes of cargo acrossborders. Now, we want to bring the power of GeTS to hive members. We want to changethe way trade compliance is done; making cross-border trade easier, moreaccessible, and predictable,” said Mr Chong Kok Keong, CEO at Global eTradeServices (GeTS), Assistant CEO at CrimsonLogic.
“We arelooking forward to our partnership with Global eTrade Services. This initiativeis just the beginning in improving logistics opportunities across Asia and theworld for our members. Through hive services, our members can look forward togreater collaboration across Asia, changing the way trade is conducted,” said AlvinChua, President, Federation of Malaysian Freight Forwarders (FMFF).
hive members will be able to access fourservices:
Partner DiscoveryService: a social-media-like application that enablesmembers to search for, discover and create connections with new partners.Members are also able to initiate communications with, review, and endorsepartners from within the platform.
Trade ComplianceServices: facilitates the fulfilment of tradecompliance. Business users are able to start the regulatory submissions via theweb, fax, email or electronic integration (regardless of data format) with 24×7support through phone, email and live webchat.
Cross Border Services: is acentralised global trade platform that facilitates cross-border trade withend-to-end compliance connectivity and has an ever-growing global network ofover 163,000 connected parties and 50 over customs authorities.
Member ManagementSystem: is an optional module developed forassociations or industry bodies to manage their portals and members.
About Global eTrade Services (GeTS)
Global eTradeServices (GeTS) is a CrimsonLogic subsidiary and a key growth engine for theGroup. GeTS has a comprehensive suite ofservices that helps traders meet regulatory and compliance requirements fromGovernment agencies and trade associations around the world. Based on a SaaS model, GeTS is centred on aSingle Window (SW) that facilitates global trade with Compliance Connectivity,eAdvisory and Data Analytics suite of services.
Published and distributed with permission of Media-Outreach.com.