Digital Free Trade Zone Malaysia

The dftz is a strategic national initiative spearheaded by malaysia digital economy corporation mdec to drive seamless cross border trade through digitalisation and to facilitate access of local smes to vast opportunities in the global markets via e commerce.

Digital free trade zone malaysia. How the digital free trade zone will benefit malaysia. Spearheaded by malaysia digital economy corporation md e c the dftz has been reviewed and refocused to serve two overarching goals. Creation of an e fulfillment hub. The digital free trade zone was created with the idea of helping malaysian businesses benefit even more from globalisation despite the challenges that the digital economy.

It seeks to establish malaysia as a leading logistics center for global marketplaces by opening opportunities for companies both in malaysia and other asean countries to leverage a platform that enhances competitiveness and market access. Out of the e hub was born the digital free trade zone dftz a joint initiative by prime minister najib razak and alibaba group to accelerate malaysia s digital roadmap that aims to double ecommerce growth from 10 8 to 20 8 by 2020. The physical zones comprise of two hubs which are the e fulfilment hub and the satellite services hub. The digital free trade zone dftz is an initiative to capitalize on the confluence and exponential growth of the internet economy and cross border ecommerce activities.

The digital free trade zone will be implemented in stages and consist of both physical and virtual zones. The virtual zones consist of the e services platforms. What is the free trade zone. The dftz is setup to facilitate seamless cross border trade and enable local businesses to export their goods with a priority for ecommerce.

The digital free trade zone dftz is an initiative by the malaysian government focused on developing an ecosystem and catalyst to the booming internet economy and e commerce activities in malaysia. Malaysia s digital free trade zone. Development of klia aeropolis into a logistical hub with the goal of establishing malaysia into a regional e commerce fulfilment.