ASIA-EUROPE DIGITAL TRADE CORRIDOR

Partners collaborating in the venture are multimodal transport and logistics company KTZ Express and the local Information Technology partner Digital Silk Way.

The planned digital trade is targeting the Trans-Caspian International Transport Route, which starts in Southeast Asia and China, moves through Kazakhstan, the Caspian Sea, Azerbaijan, Georgia and onward to Europe.

Key objectives of the new digital service are to better facilitate business-to-business-togovernment (B2B2G) trade regulatory compliance and improved global trade connectivity.

KTZ Express, the subsidiary of Kazakhstan Rail Company, will be the logistics operator for the integrated corridor for Kazakhstan and Central Asia. Nurlan Igenbayev, CEO, KTZ Express, states he expects the joint-venture partners to be able to “accelerate the transition to paperless technology for shippers and consignees to transport goods.”

Saw Ken Wye, CEO, CrimsonLogic, notes: “With the increased trade flow between Asia and Europe, Kazakhstan is centrally positioned to serve as a logistics hub, especially for supporting key markets such as China.