Digital Free Trade Zone (DFTZ) ... from FEDNOMICS@MOF

Announce on 22nd March 2017 by our PM. It is the first DFTZ in the world outside China, an initiative under National eCommerce Strategic Roadmap aims to double eCommerce growth from 10.8% to 20.8% and increase contribution to GDP by RM211 billion by 2020

Benefits

-         Facilitate SME’s to export their products globally and provide market players with a holistic ecommerce trading experience through strategic location equipped with world class facilities, integrated digital eServices platform to access global service providers and improved regulatory process leading to increased efficiency in customs and cargo clearance.

-         Enable global market players to source from Malaysian producers / sellers. Govt aims to attract 1500 SME’s to participate in DFTZ platform by end 2017 and another 8,000 by 2018.

-         Expected to increase SMEs share to GDP by more than 60% (current around 37%), create 60,000 jobs and double SME export to RM162.9 billion by 2025

DFTZ comprises of three components:

a)      eFullfilment Hub –to assist SMEs to export their products efficiently, located at KLIA Aeropolis. Strategic facilities for customs clearance, warehousing and logistic equipped with latest technology

b)     Satellite Services Hub – host by Kuala Lumpur Internet City. Operate as digital hub for global and local internet related companies, facilitating end to end support, networking and knowledge sharing for eCommerce industry. It has facilities such as office space, showrooms, training centres etc.

c)      eServices Platform – connecting innovative business service providers with government services. Equipped with advanced digital technology will enhance cargo clearances and other processes related to cross border trade. DFTZ dashboard will improve enforcement capability and service delivery.

DFTZ expected to boost cross border trade through eCommerce and provide SMEs with greater access to the global market and enhance digital economy growth.