Singapore Post (SingPost) has announced a strategic cooperation agreement with Qazpost, the national postal operator of the Republic of Kazakhstan.
The agreement will encourage collaboration in a number of areas, such as in technology, where Qazpost is exploring the adoption of SingPost’s machinery and equipment, including its innovative e-commerce drop-off systems.
The partnership further extends towards improving logistics and e-commerce growth between the two countries, where different logistics routes will be explored to achieve greater efficiency, supporting the development of e-commerce growth in the process.
Additionally, the partnership will also facilitate the mutual sharing of best practices and create new opportunities for trade and economic growth.
The agreement was announced at the Kazakhstan-Singapore Business Forum on May 23, which included guests Kassym-Jomart Tokayev, President of the Republic of Kazakhstan, as well as Deputy Prime Minister of Singapore, Heng Swee Keat.
"We are excited to partner with Qazpost to jointly explore opportunities for greater collaboration and enhance our postal and logistics sectors. Through our collaboration, we hope to enhance our e-commerce network and unlock new opportunities for both countries," says Li Yu, CEO, international business, SingPost.
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Chairman of the Board of JSC, QazPost, Asel Zhanassova, adds: "This strategic cooperation with SingPost is a significant step towards modernising our operations and expanding our capabilities to further improve our customers’ experience. We believe this partnership will be a catalyst for growth in eCommerce and logistics, benefiting businesses and consumers alike.”
Shares in Singapore Post S08 closed 1.5 cents higher or 3.16% up at 49 cents on May 23.
