2003 Press Release
Singapore, 17 October 2003 - Leading IT services provider CrimsonLogic today announced that its flagship project, TradeNet TM , has been awarded the eASIA Award in Trade Facilitation Excellence by the Asia Pacific Council for Trade Facilitation and Electronic Business (AFACT). This award category honours projects with a balance between governmental legislation, enhancement of international trade and eBusiness, as well as information visibility by evaluating the concrete effects on customs control and security, trade promotion and business efficiency. The eASIA Award was presented on 15 th October at the 2003 eASIA Week, which is being held in Chinese Taipei.
The eASIA Award honours outstanding achievements of eBusiness implementation in the Asia Pacific region to the world. Entries were submitted for three main categories: Trade Facilitation, eBusiness in the Public Sector and eBusiness in the Private Sector. The evaluation committee chooses companies based on several criteria. Among the criteria is the projects' commitment and relevance to globalisation and trade facilitation in AFACT member countries, which currently boasts 16 economies in the Asia Pacific.
"We are honoured to be part of eASIA Week and to receive this award," said Mr. V. Mathi vanan, CEO of CrimsonLogic. "But what's most important is that TradeNet TM and other projects at CrimsonLogic continue to make a positive impact on business communities in the region. That's what matters."
TradeNet TM is an electronic system developed from the innovative use of Electronic Data Interchange (EDI) standards to a distinctive application of Internet service technology to achieve greater trade facilitation. Implemented in Singapore in 1989, TradeNet TM is owned by the Singapore Customs and administered by CrimsonLogic. It is the world's first nationwide electronic trade documentation system, and has been a significant contribution to Singapore's pro-business environment, bringing about increases in efficiency and lowering of business costs for the Singapore trading community with the innovative use of IT.
The Singapore Supreme Court was also awarded the eASIA Award in eBusiness in the Public Sector with the world's first Electronic Filing System (EFS), developed by CrimsonLogic. This award category recognises distinguished Government-related projects which have used Internet technology to drive eGovernment programmes significantly.
AFACT, organiser of eASIA Award, is a non-profit organisation which aims to promote the commitment and development of trade facilitation, electronic business policies and activities in the Asia Pacific region. AFACT is open to participation from the representatives of member countries and experts from private sectors within the Asia-Pacific region. Currently, there are 16 economies and 1 associate member in AFACT, including Australia , Chinese Taipei, India , Indonesia , Iran , Japan , Korea , Malaysia , Mongolia , PRC, Pakistan , Philippines , Singapore , Sri Lanka , Thailand , Vietnam and ebXML Asia Committee.