Canadian cargo group joins Singapore-based Global eTrade Services' e-trade platform

hive enables members to orchestrate their supply chain activities from physical logistics to financial requirements.

Singapore-based trade platform company Global eTrade Services (GeTS) has partnered with the Canadian International Freight Forwarders Association (CIFFA) to onboard their members on hive, a highly interconnected & vibrant e-trade facilitation platform connecting multiple stakeholders, an announcement revealed.

Members can leverage hive to gain competitive advantage, establish credible partnerships through hive’s Partner Discovery Service and request for quotation for services not limited to geographies.

“Additionally, hive is part of CALISTATM – a digital supply chain platform powered by GeTS, enabling members to orchestrate their supply chain activities from physical logistics, compliance through to financial requirements on a single platform,” the parties highlighted.

With the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in place, businesses in Canada can enjoy preferential access to markets in Singapore, Asia Pacific (APAC) and Latin America, allowing easier flow of traded goods between countries.

According to Eugene Wong, chairman of GeTS, Canada’s trade with Singapore amounted to nearly $942.77m (CAD$920m) in exports and $1.33b (CAD$1.3b) in imports in 2018.

“We believe this partnership will greatly improve trade connectivity and bring value to CIFFA members, logistics and adjacency communities in Canada, ASEAN and beyond,” he said.