Singapore Post (SingPost) and Lietuvos paštas (Lithuania Post) have signed a memorandum of understanding to explore opportunities in the postal and express delivery sectors.
The MOU, which was signed in Singapore on May 8, outlines several key areas of collaboration, including:
- Shared expertise and knowledge exchange: Joint meetings, site visits and facilitating communication between experts from both postal services to share knowledge in postal development and address any collaboration challenges.
- Regulatory and market insights: Cooperating on understanding postal laws and regulations, universal postal services, market supervision, trade facilitation and technological innovations. This fosters mutual learning and opens up potential cooperation opportunities.
- International advocacy and support: Strengthening communication and mutual support within the global postal network, the Universal Postal Union and relevant international postal organizations to advocate for policies and practices that benefit the wider postal community.
- E-commerce and logistics development: As e-commerce continues to reshape global shipping, the MOU encourages bilateral cooperation, experience exchange and exploration of new solutions for e-commerce and international parcel The goal is to expand service offerings, enhance service quality and meet evolving customer needs.
“We envision a future where borders are easily transcended, and our customers enjoy seamless, reliable deliveries across the globe,” said Li Yu, CEO, International, SingPost.
“This MOU signifies a commitment to explore innovative solutions that will benefit our customers, our businesses, and chart new paths of cooperation based on mutual benefit and trust.”
Rolandas Zukas, CEO of Lithuania Post, added, “Collaboration between SingPost and Lithuania Post represents a significant step forward in our commitment to innovation and growth in the global postal industry. We are confident that this MOU synergy will create long-term value for our customers and foster knowledge development and expertise sharing.”
To discover more about SingPost’s international operations, read our exclusive interview with Li Yu in the March 2024 issue of Parcel and Postal Technology International.
