THE Digital Free Trade Zone was established to help small and medium enterprises (SMEs) export their products overseas with ease as well as enable global marketplaces to source from Malaysian manufacturers and sellers. It also aims to make Malaysia the regional fulfilment hub for global brands to reach Asean buyers, apart from nurturing an ecosystem that drives innovation in e-commerce and internet economy.
When launched in March this year by Prime Minister Datuk Seri Najib Razak and Alibaba Group founder and executive chairman Jack Ma, it was touted as the world’s first DFTZ. This has since been amended to the world’s first DFTZ outside China.
By the year 2025, it aspires to double the amount of SME exports to US$38 billion, create 60,000 jobs (direct and indirectly) and facilitate goods movement worth US$65 billion via exports, imports and transhipments.
Registering with the DFTZ will give SMEs access to the Malaysia Pavilion, a dedicated page in Alibaba featuring “Made in Malaysia” products. It will also give SMEs access to trained and certified e-commerce talent and a detailed analytics dashboard as well as access to traffic from Alibaba’s other marketplaces — Tmall, Taobao and 1688.
Upon registering, the SMEs will be onboarded with Alibaba.com, where they are eligible for turnkey services, special promotions for Malaysian brands, smart marketing and a seamless integrated platform. Then, they can start marketing their products, receiving orders and payments, and conducting the fulfilment process.
There are three components to the DFTZ — the eFulfillment hub, satellite services hub and eServices platform.
The eFulfillment hub, located at KLIA Aeropolis, will help SMEs export their goods easily with the help of leading fulfilment service providers. The hub’s warehouses are installed with the latest sorting, shelving and pick-pack facilities technologies.
The satellite services hub, located at Kuala Lumpur Internet City in Bandar Malaysia, will help SMEs connect with leading players that offer services such as financing, last-mile fulfilment, web hosting and insurance. Some of the facilities at this hub include office spaces, offline-to-online (O2O) showrooms, MICE (meetings, incentives, conferences and exhibitions) amenities and large open spaces for community activities.
Meanwhile, the eServices platform efficiently manages cargo clearance and other processes needed for cross-border trade. Services available include customs clearance, quarantine, permits and cross-border trade advisory.
remember on 8 September 2014 when Pelaburan Mara signed the agreement with Megalink to sell the stake on PDZ the show running the price up to 0.4. but today back to 0.055.
DFTZ is expected to double the growth rate of SMEs' goods export, increase overall goods export by US$25 billion, and create 60,000 jobs by 2025
“Malaysians have embraced the internet economy and eCommerce in a big way. We are now leading the eCommerce market in the region generating revenue of US$2.3billion in 2015. With the launch of the world’s first Digital Free Trade Zone, Malaysia will serve as a regional eFulfillment center, and also become the regional hub for SMEs, marketplaces and monobrands,” said Dato’ Sri Mohd Najib Tun Abdul Razak, the Prime Minister of Malaysia.
Dato’ Sri Najib added, “Both DFTZ and Electronic World Trade Platform (eWTP), the brainchild of Jack Ma, have one common goal. We want to help SMEs overcome the complex regulations, processes and barriers, and eventually further encourage businesses and traders to connect and collaborate in cross-border trading”.
The launch ceremony also witnessed the exchanges of Memorandum of Understanding (MoUs) between four parties, and they are;
MDEC and Alibaba Group for strategic collaboration in the development of DFTZ in Malaysia consistent with the objective of the Electronic World Trade Platform (eWTP); and the development of a Regional Hub for eCommerce business, trade facilitation, SME onboarding, cloud services for enterprises and an eFulfilment and logistics hub.
Malaysia Airports Holdings Berhad and Cainiao Network for the development of a regional eCommerce and Logistics Hub in KLIA Aeropolis as part of the Digital Free Trade Zone Initiative. Alipay and Maybank / Alipay and CIMB for the collaboration in launching Alipay barcode payment in Malaysia. This partnership will enable mainland Chinese tourists to make payment using their favourite payment method - their Alipay e-wallet. For Malaysian merchants, this will give them exposure to the vast China market.
MDEC and Catcha Group for the collaboration for the establishment of Kuala Lumpur Internet City (KLIC).
Malaysia Digital Economy Corporation or MDEC (formerly known as Multimedia Development Corporation Sdn. Bhd.) is the lead agency in driving the digital economy in Malaysia under the Ministry of Communications and Multimedia Malaysia. Since its inception 20 years ago, MDEC’s mission is to develop the nation’s digital economy. MDEC’s implementation efforts are centred on driving investments, building local tech champions, catalysing digital innovation ecosystems and propagating digital inclusivity.
MDEC is also responsible to ensure that Malaysia plays an integral part in developing and nurturing talent to drive digital innovation around the world, while attracting participation from global ICT companies to invest and develop cutting edge digital and creative solutions in the country.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
sapari57
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Posted by sapari57 > 2017-11-14 10:46 | Report Abuse
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