TradeTrust IMDA's TradeTrust aims to support cross-border digital trade by improving efficiencies, reducing costs of paper documentation, and enabling new service offerings through interoperability, visibility, and control. TradeTrust reduces inefficiencies and complexities of cross-border trade arising from the current paper-based documentation, such as the bill of lading. This lowers operating costs for businesses and the risk of fraud while accelerating the digitalisation of cross-border trade processes, thereby promoting more growth in trade between Singapore and China.

oint Innovation Development Fund The China-Singapore ICM Joint Innovation Development Fund (JIDF) was established by Infocomm Media Development Authority (IMDA), Enterprise Singapore (ESG) and Chongqing Big Data Application Development Administration (CQBDB) to support the development of new and innovative digital solutions by Chinese and Singapore companies. The programme aims to harness business and innovation opportunities in China and Singapore and create partnerships for companies to expand to Southeast Asia and facilitate cross-border digital trade. Additionally, the programme is in alignment with TradeTrust, an initiative that seeks to streamline digital trade documentation processes. The JIDF has facilitated technology partnerships to innovate and create commercially viable projects encompassing artificial intelligence, Internet-of-Things (IoT), virtual reality and augmented reality and robotics. To date, the programme has supported 20 projects in the areas such as Smart Cities, Transport and Logistics, and Manufacturing.