SINGAPORE - MediaOutReach - 30 May 2019 - Global eTrade Services (GeTS) today announced thepartnership with the Canadian International Freight Forwarders Association(CIFFA) to onboard their members on hive (highly interconnected & vibrante-trade), joining a vibrant and connected global association-centric communityof more than 10,000 freight forwarders spanning across Asia to Latin Americaand now North America.
hive is across-border trade facilitation platform connecting multiplestakeholders from customs agencies, freight forwarders, shippers, carriers andbrokers ona collaborative single window to strengthen trade and compliancebetween countries.
With the Comprehensive and Progressive Agreement for Trans-PacificPartnership (CPTPP) in place, businesses in Canada can enjoy preferentialaccess to markets in Singapore, Asia Pacific and Latin America, allowing easierflow of traded goods between these countries. Members can leverage hive to gain competitiveadvantage, establish credible partnerships through hive's Partner DiscoveryService and request for quotation for services not limited to geographies. Their cross-border trade compliance needs canbe fulfilled through 26 customs nodes connecting more than 175,000 partiesglobally. Additionally, hive is part of CALISTATM-- a digital supply chain platform powered by GeTS, enabling members to orchestratetheir supply chain activities from physical logistics, compliance through tofinancial requirements on a single platform.
Mr Eugene Wong, Chaiman of GeTS said: "Canada's trade withSingapore amounts to nearly C$920 million in exports and C$1.3 billion inimports in 20181. We believe this partnership will greatly improvetrade connectivity and bring value to CIFFA members, logistics and adjacencycommunities in Canada, ASEAN and beyond. We are delighted that CIFFA is onboard, and are committed to make trademore efficient through the neutral, open and collaborative hive platform."
Mr Bruce Rodgers, Executive Director of CIFFA said: "CIFFA is pleased topartner with hive and to leverage the strength of a 10,000 strong community offreight forwarders. In this time ofincreased global trade, compliance is complex. Harnessing the right platform facilitatestrade for multiple stakeholders across multiple borders. We look forward to the partnership with hiveas a win-win arrangement."
Mr Chong Kok Keong, CEO of GeTS said: "By leveraging our deep G2B andB2B domain expertise and technological capabilities, we are happy that CIFFAcan harness the hive platform to improve its reach and fulfillment of tradecompliance, and enable our members to seek out new trade opportunities inCanada. We will continue to grow the hivecommunity with more strategic partners to make trade more accessible, easierand predictable."
1Source: Trade Data Online: Industry Canada. March 11,2019
About Global eTrade Services
Global eTrade Services (GeTS), a globalleading trade platform company, is shaping the future of trade and supply chainwith its innovative use of technology and deep G2B and B2B domain expertise. GeTS enables the orchestration of physical logistics, compliance andfinancial requirements of trade and supply chain seamlessly, smartly andsecurely, thus powering global trade by making it accessible, predictable andeasier to fulfil. The company has linkages to 26 Customs nodes across theworld, with more than 175,000 connected parties and conducting more than18 million transactions annually.
About Canadian International Freight Forwarders Association
The Canadian International Freight ForwardersAssociation (CIFFA) is celebrating 70 years of leadership in 2018 and todayrepresents some 260 regular member firms from the largest of multi-nationalglobal logistics provider firms to small and medium sized Canadian companies.CIFFA member companies employ tens of thousands of highly skilled internationaltrade and transportation specialists. As a vital component of Canada's globalsupply chain, CIFFA member companies facilitate the movement of goods aroundthe world. International freight forwarders are the foremost experts in cargotransportation solutions and essential partners in advancing the Canadianeconomy and the economic prosperity of Canadians.