English
Pivotal Singapore logistics deal struck
The Logistics Business Association (Loba) and the Singapore-based Supply Chain Asia (SCA) industry body are teaming up to create greater synergy in both countries’ supply chain networks and freight industries, which are widely expected to stage a healthy recovery as the world navigates the post-Covid-19 era.
A memorandum of understanding (MoU) was signed to this effect by Loba president Chea Chandara and his SCA counterpart Paul Lim on August 27 at an online ceremony.
According to the MoU, the two sides will work to forge closer cooperation in transportation and the supply of goods, facilitate online and offline business networking, and organise joint study tours in fields related to supply chain management and the international freight sector.
Loba’s Chandara said he was pleased to embark on a partnership with SCA, acclaiming the industry body for its wide range of logistics and freight networks all over the world.
He told The Post that one of the MoU’s primary goals is to foster joint participation between members of the two organisations and better acquaint them to promising and innovative logistics supply chain management practices and technologies.
The agreement also seeks to encourage events to be organised around logistics and supply chain operations to keep investors, entrepreneurs, students and the general public in the loop of the latest developments in the industry, he said.
“This MoU will serve as a guide for Loba and SCA members on business development, capacity building, exchange programmes and . . . [improving] logistics business networks,” Chandara said.
He emphasised that although Cambodia is a developing country in a world still beset by the economic fallout of the Covid-19 pandemic, demand for goods imports and exports in the Kingdom remains exceptionally strong.
Popular import items include raw materials for the construction, foodstuffs, and textile-related sectors, and in-demand export goods include agricultural and finished textile products, as well as components for various industries, he said.
“Setting this cooperation with SCA in motion is crucial, bearing in mind that Singapore is a technologically advanced country and a potential port in Asia,” he said.
During the ceremony, SCA’s Lim said the industry body vows to share its technological knowledge and experience of international trade with Loba, adding that the supply and freight sectors will see more activity as the economy recovers.
He said he would visit Cambodia – once Covid permits – to build new experiences and gain insight into the economic opportunities and investment potential offered by the Kingdom.
“When Covid-19 tapers, I, along with SCA members, will visit Cambodia to promote cooperation with Loba, as well as explore investment potential there,” Lim said.
Source: https://www.phnompenhpost.com/business/pivotal-singapore-logistics-deal-struck