The Pan Asian e-Commerce Alliance (PAA), a group of value-added service providers in Asia, has launched a new electronic marketplace to help Asian sellers compete in the global marketplace.
The Pan Asia Exchange (PAE) is an online trading hub that provides access to thousands of buyers and sellers to showcase their products across China, Hong Kong, Macao, Malaysia, Singapore, Taiwan and the Philippines. The e-marketplace was soft-launched in Kuala Lumpur last April.
The PAA leverages on the dominance and market niche that its 11 members have built in their respective economies to provide a secure and reliable business-to-business platform for global buyers to search for genuine suppliers from all over the world.
InterCommerce Network Services, Inc. (INS) is the local operator in the Philippines, while INS president Francis Norman Lopez is PAA’s current chairman.
PAE requires both buyers and sellers to register via the website to ensure their reliability. The local PAE operator will then verify the submitted information before providing access to the e-marketplace.
Moreover, PAE, through PAA’s expertise, has knowledge of customs procedures and trade processes, and collaborates with other trade, logistics, and financial service providers.
For buyers, PAE offers the following benefits: multiple purchase options, convenient and easy purchasing, time saving through online purchases, comparison of prices from different sellers, and ready access to information anytime and anywhere.
Sellers, on the other hand, can reduce overhead cost, increase revenue and touch points with an expanded marketplace, gain access to a quick and easy way to update inventory, reach customers 24/7 anytime and anywhere, and make use of smart customer tracking technology to enhance future selling decisions.
PAA, founded in 2000, aims to provide secure, trusted, reliable, and value-adding IT infrastructure and services to facilitate trade globally.
Its 11 service provider-members are authorized to operate by customs and other trade regulatory agencies in their respective economies. They are CAT of Thailand, CIECC of China, CrimsonLogic of Singapore, Dagang Net of Malaysia, InterCommerce of the Philippines, KTNET of Korea, NACCS of Japan, TEDMEV of Macao SAR, Tradelink of Hong Kong SAR, Trade-Van of Taiwan, and PT EDI-I of Indonesia.
Image courtesy of Pong at FreeDigitalPhotos.net
