Participants pose for a group photo at the signing ceremony. [Photo/Nantong Daily]

Nantong Electronic Port and CrimsonLogic Pte Ltd, a Singapore-based digital trade solutions provider, recently signed a framework cooperation letter of intent, helping to develop a comprehensive trade platform and port community system.

It marks the first international smart port cooperation agreement signed by Nantong Electronic Port in its 11-year history, signifying a significant step forward in the construction of an international trade platform.

According to the letter of intent, the two parties will engage in in-depth international exchanges and practical cooperation in areas such as the comprehensive trade platform, port community system, single window consulting construction, and port clearance facilitation.

Liu Zhengwu, president of the Electronic Port, stated at the signing ceremony that its partnership with CrimsonLogic is a crucial measure to meet stringent international trade and economic standards and further enhance the facilitation of port clearance and trade in Nantong.

The two parties will collaborate in areas such as port trade, data interconnectivity, digital ecosystem construction, and cross-border data security. They will also accelerate the promotion of a "single declaration, multi-location clearance" system and explore innovative cooperation in areas such as customs data interaction between Singapore and Nantong, extraction of overseas customs clearance data, facilitation of rapid document preparation, and digital standard alignment.