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Pan-Asian E-Commerce Alliance Grows
to Seven Members at Summit Held in Singapore
(14 MAY 2002, HONG KONG) The Pan-Asian e-Commerce Alliance (PAA)
held its 8th Steering Committee Meeting in Singapore from 9th
to 10th May 2002. The meeting was attended by Tradelink, CrimsonLogic,
Infoshare, KTNET, Trade-Van and TEDI Club. Representatives from
DagangNet of Malaysia also attended the meeting by invitation,
having applied for PAA membership prior to the meeting.
Speaking on behalf of the Alliance after the meeting, Mr Justin
Yue, Chairman of the PAA and Tradelink CEO said, "We are
extremely pleased with the significant progress we have made in
these two days. In a matter of just four short months, the Alliance
has grown from five members strong to seven members strong. At
the 7th meeting we admitted TEDI Club as a member. And at this
meeting we unanimously endorsed the application of DagangNet for
PAA membership."
Said Mr Yong Voon Choon, General Manager of DagangNet, "DagangNet
is honoured to represent Malaysia in this important regional eCommerce
initiative. With our participation, we hope to help integrate
the Malaysian importers and exporters into the global eCommerce
arena."
The PAA also reported significant progress in its various projects.
"Our Certification Authority Mutual Recognition Scheme made
further headway today," said Mr Yue. Following Digi-Sign
of Hong Kong and TaiCA of Taiwan, Netrust of Singapore was granted
recognition making a total of 3 Certification Authorities that
have been recognized under the scheme. Certification Authorities
from China, Korea and Japan are undergoing the assessment process
and their applications for recognition are expected as soon as
the assessment process is completed.
The pilot of the PAA's Secure Cross Border Transaction Service
is also gathering steam. Trade-Van reported at the meeting the
participation of The Formosa Plastics Group in the project which,
after completing the pilot phase, will be formally launched in
early 2003.
Looking to the future, PAA members are also considering integrating
the PAA Secure Cross Border Transaction Service to their current
Government transaction services and to expand the four commercial
documents covered to other commercial documents required for financial
settlement, in response to feedback from customers.
The meeting also discussed progress made in other projects, including
the PAA Portal, Cargo Tracking and financial fulfillment.
To establish a clear-cut identity, the PAA has adopted a new
logo which resembles the helm of ship, to symbolize its mission
to pilot the development of E-commerce in the Asian Pacific region.
Mr Lee Yi Shyan, Chairman of CrimsonLogic and CEO of International
Enterprise Singapore, hosted a dinner for the PAA delegates. In
his welcoming address, Mr. Lee voiced the unreserved support of
Singapore for the work of the Alliance. The Alliance as it is
presently constituted, according to Mr Lee, represents a region
whose economic strength rivals that of the USA. "China, Japan
and ASEAN imported US$945 billion worth of merchandise in 2001,
close to that of the USA at US$1181 billion. Anything we could
do to enhance the trade and investment flows in the region will
have significant economic spin-offs to the business communities,"
said Mr Lee.
The 9th meeting of the PAA will be held in Hong Kong on 22-23
August 2002.
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For press enquiries, please contact Tradelink (Corporate Communications)
on 2599 1686.
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