Residensi KLIA | Digital Free Trade Zone (DFTZ)
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Residensi KLIA / Digital Free Trade Zone (DFTZ)
February 28, 2019
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Digital Free Trade Zone (DFTZ)

Digital Free Trade Zone (DFTZ)

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 DFTZ is setup to facilitate seamless cross-border trade and enable local businesses to export their goods with a priority for eCommerce. DFTZ will provide physical and virtual zones to facilitate SMEs to capitalise on the convergence of exponential growth of the internet economy and cross-border eCommerce activities.

There are three components comprising both physical and virtual zones:

  • eFulfilment Hub : To help SMEs / businesses in exporting their goods easily, with the help of leading fulfilment service providers.
  • Satellite Services Hub : To connect SMEs / businesses with leading players who offer services like financing, last mile fulfilment, insurance and other services which are important in cross-border trade.
  • eServices Platform : To efficiently manage cargo clearance and other processes needed for cross-border trade.

 

With the launch of the DFTZ, will be a boost to Malaysia’s eCommerce roadmap that was introduced in 2016, which aims to double the nation’s eCommerce growth and increase the GDP contribution to RM211 billion (approximately US$47.68 billion) by year 2020.

DFTZ aims to:

  • Help SMEs to export their products globally with ease
  • Enable global marketplaces to source from Malaysian manufacturers / sellers
  • Make Malaysia the regional fulfilment hub for global brands to reach ASEAN buyers
  • Nurture an ecosystem to drive innovation in ecommerce and internet economy

For more information about DFTZ, please visit https://mydftz.com

Credit by: MATRADE, http://www.matrade.gov.my/en/