A. General Information
PAA Secure Cross-Border Transaction Service
B. Lessons Learned
The PAA Secure Cross-Border Transaction Service consists in transaction services based on the PAA legal framework and technical specifications to enable traders to exchange trade documents electronically with their partners regardless of their system and solutions.
- To enable secure and reliable transmission of trade and logistics data and documents
- To allow inter-connection of network services to provide e-Commerce transaction application services for the trade business community
- To create a Pan-Asian portal to enable global B2B connection and communication
With the emerging internet technology, the way of doing international trade had changed and paperless trade service providers in the region gathered to cooperate in establishing cross-border paperless trade
Exchange of electronic trade document exchange for either commercial or regulatory control purpose through the secure online channel.
Purchase Order, Invoice, Packing List, Bill of Lading Advice, Air Way Bill, Certificate of Origin and other document necessary for international trade
- Van to Van interconnectivity method
- ebXML for interconnectivity protocol
- PKI
- Proprietary PAA XML for messages
The mutual recognition scheme under private contract is not being recognized by government sectors, hence discouraging traders from the use of cross-border paperless trade services
Government sector cooperation is essential for the facilitation of cross-border paperless trade transactions
Common International Standards, Harmonization of Different Legal Framework, Cooperation between Public and Private Sectors, Lack of Coordination Mechanism, Capacity Gaps among the Parties
Facilitate Electronic Information Exchange, with reliable service backed by interconnection and service level agreement, Reduce administrative costs, Faster transactions, Opportunities for improved operations, inventory management and increased sales and revenues
PAA members are trying to engage with government sectors to secure the recognition of the electronic messages across-borders. Also adoption of the latest technologies such as Block-Chain and Fin Tech are being discussed.