2002 Press Release
Singapore, 26 November 2002 - CrimsonLogic CEO V Mathivanan is the new Chairman of the Pan-Asian E-Commerce Alliance (PAA) succeeding Mr Justin Yue, CEO of Tradelink, who had served as the founding PAA Chairman for two years.
Mr Mathivanan was elected as the new Chairman by the committee at the end of the two-day 10th Steering Committee PAA Meeting held in Yokohama, Japan, from 21 to 22 November 2002. The meeting was attended by CrimsonLogic, Tradelink, Infoshare, KTNET, Trade-Van, TEDI Club and DagangNet. Representatives from TEDMEV of Macau also attended the working group meeting as observers.
The PAA aims to promote and provide secure, trusted, reliable and value-added IT infrastructure and facilities to enhance seamless trade globally. Traders from the participating countries can look forward to uninterrupted cross-border trading, secure and reliable paperless trade and transactions, and the convenience of working with the alliance as a single point of contact.
On his new role, Mr Mathivanan said, “The alliance has grown from an initial three member countries, when it was formed two years ago, to seven today. Moving ahead, I hope to see growth in not just the number of like-minded member countries coming together to contribute to the mission of the alliance, but also significant developments in fulfilling secure seamless cross-border trade for the region.”
At the closing of the meeting, Mr Justin Yue said, “We are making extremely good progress with the PAA Secure Cross Border Transaction Service. All members are actively participating in the pilot projects and we are also adding well-known companies such as Hyundai Motors and LG Industrial Systems to the pilot. We are gathering valuable feedback that will be of immense help in taking this service forward into its next stage, including making available online title document management services. Under our Certificate Authority Mutual Recognition scheme, we are processing the application for recognition from Beijing Guo Fu An Security Electronic Commerce CA Co., Ltd (GFACA) of China. I would fully expect recognition for GFACA to be granted before our next meeting pending a few administrative procedures.”
Having concluded successfully the first stage of the development of the Pan Asian Portal (www.paa.net), the PAA Steering Committee also agreed on a list of new services that should be incorporated into the Pan Asian Portal as its next stage of development. Ultimately, the PAA portal would become a popular vehicle for business discovery and transactions.
Other initiatives discussed by the Steering Committee included:
• Progress on the development of the cargo tracking service initiated by KTNET and Trade-Van. Network expansion with TRAXON and GT Nexus is being developed;
• Enhancement of PAA technical infrastructure, including an upgrade of the ebXML messaging service to version 2.0;
• A TEDI offer to share with PAA its know-how of its online title document management service;
• The creation of a PAA publication/eNewsletter to disseminate PAA news and services, and to promote eCommerce among regions of PAA members.
TEDI Club hosted a dinner in honor of the PAA Steering Committee meeting in Japan for the first time. Mr Masafumi Kuroki, Deputy Director-General of Ministry of Economy Trade and Industry, was the Guest-of-Honor. Praising the PAA as a unique creation, Mr. Kuroki urged the PAA to redouble its effort to help the Asia Pacific region leapfrog into paperless trade and he encouraged the various initiatives that the PAA had launched.
The 11th Steering Committee Meeting of the PAA will be held in Malaysia from 20 to 21 February 2003.