CrimsonLogic has signed a Memorandum of Understanding (MoU) with Kazakhstan’s KTZ Express and local IT partner Digital Silk Way to 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.
KTZ Express is a subsidiary of Kazakhstan Rail Company and a national logistics operator. 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 supplychain 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.
Saw Ken Wye, CEO of CrimsonLogic, commented, “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 likeminded partners such as KTZ Express and Digital Silk Way to help elevate the country’s status as a global logistic hub.”
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.”
CEO of Digital Silk Way Doszhan Zhussupov added, “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.”
In September PTI collaborated with KenTrade and CrimsonLogic to hold a webinar session on digitisation through single window trade in the African Horn region.