On September 19, 2018 in Singapore during the session of the High-level Inter-Governmental Russia-Singapore Commission under the co-chairmanship of Russia's Vice-Premiers Maxim Akimov and Singapore Tharman Shanmugaratnam, Russian RSTradehouse LLC, which is the executive structure of the Russia-Singapore Business Council and the Singapore vCargo Cloud Pte. Ltd. ("VCC"), a subsidiary of SGX Catalyst, signed a cooperation agreement to expand trade opportunities between Russian and Singapore companies. The agreement provides mutual integration into the platforms vCargo Cloud and RSTrade (which is operated by RSTradehouse LLC) of electronic services and services of this two companies. This should expand the presence of VCC in Russia and the countries of the EEU and RSTrade in the ASEAN countries.

Also, the companies agreed to represent and promote the goods and services of the other side to their customers in the markets of Singapore and the ASEAN countries, as well as Russia and the EEU countries, respectively.

The cooperation of the two electronic platforms will promote the expansion of bilateral and multilateral trade of goods, as well as the development of international cooperation in the areas of contract manufacturing, logistics and the provision of customs and other services of international trade in an automated mode.

Under the Cooperation Agreement, VCC can easily access more than 81,000 companies from 16 countries in Europe and Asia which are already represented on the RSTrade platform, this allows VCC to enter a much wider market. Out of 16 countries, only Russia has a population of 142 million people and a turnover of more than 500 billion US dollars in 2017, giving VCC the opportunity to expand the coverage of the CamelONE ™ platform.

The RSTrade platform is a unique Russian development that allows companies to solve issues of electronic commerce, selection of services, searching the investors and investment projects, as well as partners in contract manufacturing, engineering and subcontracting. The platform operates on the basis of a distributed server system, which allows to keep the information safe, online access to information and scalable system performance. The initiator of the development was the Russian-Singapore Business Council. Iw was supported by the State Corporation “Rostec”. Currently, negotiations are under way on the use of individual modules and elements of solutions developed on the RSTrade Platform for use within the framework of the EEU.

The Camelone ™ VCC platform revolutionizes global trade by connecting importers, exporters, logistics companies, warehouses, banks, insurers, government agencies and other players to a neutral and unified platform that supports the entire trading process, facilitating international trade. The platform is currently deployed in 14 countries in Asia and Africa.

The new agreement is in line with the business strategies of VCC and RSTradeHouse LLC, aimed on developing tools for the digitization of trade operations and services, as well as expanding the global coverage of participating companies.

Sergey Pronin, CEO of RSTradehouse LLC said: "We believe that the integration of our two Platforms will lead to an increase in trade volumes and the number of joint engineering projects between companies from Russia and Singapore, as well as between companies from the EEU and ASEAN countries. We will work together to develop the tools that facilitate and simplify all export-import services, due to the fact that the systems can automate the full cycle - from the idea of ​​development in contract production, from acquaintance of companies with each other to the acquisition of goods and services, delivery of goods and product certification for abroad ".

Desmond Tay, VCC CEO commented on the signing: "The cooperation agreement with RSTradeHouse LLC allows VCC to expand the global network of CamelONE ™, increasing its coverage in the regions of Russia and the EAEC countries."

RSTradehouse LLC-executive structure of the Russia-Singapore Business Council, created by the decision of the Board of the Council in 2016. The main tasks are the expansion of bilateral and multilateral trade and economic turnover between Russian and Singapore companies in non-primary sectors of industry and services. It is the operator of the Platform RSTrade (www.rstradehouse.com), which hosts over 81.000 companies. It is the exclusive representative of a number of Russian companies in Singapore and the ASEAN countries and a number of Singapore companies in Russia. Strategic partners are the State Information Industry System of the Ministry of Industry and Trade of the Russian Federation, the State Corporation “Rostec” and the Russian Export Center. More detailed information on the sites: www.rsbctrade.ru and www.rstradehouse.com.

vCargo Cloud (VCC)-Singapore company that is the leading provider of solutions and information and communication technology services in Asia, specializing in technology solutions for governments and enterprises around the world in the field of trade and logistics. The company offers solutions for electronic commerce and electronic control of delivery of goods through the VCC CamelONE ™ platform, which brings together key stakeholders in the trade and logistics industry globally; including government agencies, traders, forwarders, carriers and financial institutions. VCC radically changes the e-commerce sector backed by a team of experienced IT and logistics specialists, as well as the creation of an infrastructure consisting of a cloud messaging platform that allows the exchange of digital data for freight and financial information, allowing the companies of the trade, logistics and supply chain to communicate and cooperate practically on a platform, simplifying global trade. On the international level, VCC's strategic partners are the Asian Development Bank, the International Air Transport Association, the International Federation of Freight Forwarders Associations, the Kenya Trade Agency and the Mauritius Service Network. In addition, the company also works closely with Singapore's government agencies, including CAAS, Enterprise Singapore, IMDA, SCE, Singapore Customs, as well as chambers and industry associations. For more information visit: www.vcargocloud.com.