CODEX from Kale Logistics Solutions wins ‘Trade Facilitation Innovation’ award from United Nations Economic and Social Commission for Asia & Pacific (UNESCAP) at the Asia-Pacific Trade Facilitation Forum 2019
Sept 26, 2019
New Delhi, September26, 2019: Kale Logistics Solutions, a trusted, global IT Logistics partner for Fortune 500 companies, has announced that its container Digital Exchange Platform – CODEX won the most prestigious ‘Trade Facilitation Innovation Award’ at the UNESCAP: Asia-Pacific Trade Facilitation Forum 2019 in New Delhi, India recently. The award was received by Mr. David Raja –President-TCFSA, Kale’s partner in implementing CODEX at Tuticorin.
The Asia-Pacific Trade Facilitation Forum (APTFF) is the leading regional platform for the exchange of information, experiences and practice on trade facilitation. The APTFF has been organized by the Asian Development Bank (ADB), the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) and a growing number of partners since 2009, including UNCTAD, WCO, and WTO. It is held biennially and attracts more than 250 participants from 30 countries.
CODEX- Port Community System, the nomination from India for Trade Facilitation Initiative was awarded for its contribution to the Maritime sector and Digital India for ease of doing business. CODEX is an initiative by Tuticorin CFS Association (TCFSA) and Kale Logistics Solutions. The platform is adopted by TCFSA and VOC Port, Tuticorin to enable seamless movement of containers from the CFS to the port with 100% shipment visibility and security. The APTFF award recognizes the benefits CoDEX has brought to the maritime community; like a common central platform for trade to exchange information, monitor transactions, make trade paper free and enable error-free filing of EGM on ICEGATE. The error-free EGM filing has facilitated the exporters to get their IGST refunds without any delay in 7 days from erstwhile 90 days.
The platform is designed to offer several fulfillment mechanisms as per the guidelines around Trade Facilitation Agreement (TFA), outlined by the World Trade Organization (WTO) and United Nations TFA Recommendation no. 33. It connects the entire community of MLO, Feeder Operators, CFS/ICD operators, Customs Port, and Terminals on a common highway this is in keeping with the Kale’s commitment to catalyze Trade Facilitation, empower ease of doing business, and enable trade through single window systems, globally.
Speaking on the achievement, Vineet Malhotra, Director, Kale Logistics Solutions, said, “It gives us great pride that our platform CODEX has been recognized for this award by the APTFF. The CODEX platform has not only streamlined trade but also reduced carbon emissions by 75% by reducing the container dwell time at the Tuticorin Port to a max of 100 minutes from CFS to Port including Customs verification.”