PSW & Alibaba.com to roll out ‘trade data confirmation service’
ISLAMABAD: Pakistan Single Window (PSW) and Alibaba.com have signed an agreement to introduce a digital Trade Data Confirmation Service, combining PSW’s digital trade infrastructure with Alibaba.com’s global B2B marketplace to strengthen trust and facilitate Pakistani businesses’ participation in international e-commerce. Under the arrangement, the service will offer an additional layer of…
Islamabad: Pakistan Single Window (PSW) and Alibaba.com have signed an agreement to launch a digital Trade Data Confirmation Service. This service aims to bolster trust and enable Pakistani businesses to engage more effectively in international e-commerce. By combining PSW's digital trade infrastructure with Alibaba.com's global B2B marketplace, the collaboration seeks to enhance transparency and reliability in cross-border transactions involving Pakistani suppliers.
The Trade Data Confirmation Service will offer API-based verification of export declarations, providing an independent layer of assurance for Alibaba.com and its international buyers, without sharing actual trade data. Syed Aftab Haider, PSW's CEO, emphasized that this partnership showcases how Pakistan's digital trade infrastructure can foster innovative services that bolster trust in cross-border trade.
Alibaba.com's Summer Gao expressed satisfaction with the collaboration, highlighting its potential to bolster trust, streamline business processes for Pakistani exporters, and set a new standard for transparency in international e-commerce. The agreement underscores PSW's dedication to utilizing digital trade platforms to bolster Pakistan's integration into the global digital economy.
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