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CrimsonLogic signs milestone MOU to establish a digital trade corridor to promote Asia-Europe trade routes

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Herons Logistics

SINGAPORE : CrimsonLogic, a member of the PSA Group and 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.

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