Search
Close this search box.

We are creating some awesome events for you. Kindly bear with us.

MDEC and Hangzhou Municipal Government sign MoU to facilitate cross-border trade and bring DFTZ to the next level

MDEC and Hangzhou Municipal Government sign MoU to facilitate cross-border trade and bring DFTZ to the next level

On May 12 2017, the government of Malaysia represented by Malaysia Digital Economy Corporation (MDEC) signed a three-way Memorandum of Understanding (MoU) with Hangzhou Municipal Government and Alibaba Company Limited to connect the first e-hubs in the two countries to Electronic World Trade Platform (eWTP) as well as to link the China (Hangzhou) Comprehensive eCommerce Pilot Zone and Malaysia’s Digital Free Trade Zone (DFTZ). This MoU is a testament to further strengthen the collaboration between the two countries and its companies, and ultimately, to bring DFTZ to the next level.

The MoU, signed by Dato’ Yasmin Mahmood, the CEO of MDEC; Yong (Daniel) Zhang, CEO of Alibaba Group and Xu Liyi Mayor of Hangzhou, were witnessed by Dato’ Sri Mohd Najib Tun Abdul Razak, the Prime Minister of Malaysia; Che Jun, Secretary of Communist Party of China’s Zhejiang Provincial Committee and Jack Ma, Alibaba Group’s Executive Chairman.

Prime Minister of Malaysia, Dato’ Sri Mohd Najib Tun Abdul Razak, said: “Fostering closer partnership with China is imperative to sustaining our economic growth, and e-business and commerce is clearly the future of global trade. It is therefore exciting to witness the forming of a partnership between government and reputable private enterprises, who will work together to lay the foundation for a more efficient conduct of cross-border trade in the Internet age, to the benefit of all.”

“Malaysia is turning the Digital Free Trade Zone vision into a reality. The focus is clear – we want to help Malaysian SMEs overcome the complexity of doing cross-border trading, remove barriers, support them in realising their full economic potential and ensure that they can also enjoy the benefits of global commerce. The eCommerce hubs linking the two countries will allow Malaysian SMEs to conduct global trade with China via Hangzhou port with ease,” said Dato’ Yasmin Mahmood, CEO of Malaysia Digital Economy Corporation.

The MoU seeks to enable the building of infrastructure for seamless cross-border ecommerce trade between Malaysia and China. The three parties agree to work together to explore potential strategic collaborations, consistent with Alibaba’s vision of eWTP.

Under the MoU, the parties will collaborate to create linkages between the China (Hangzhou) Cross-Border E-Commerce Comprehensive Pilot Zone – the first domestic e-hub, which Alibaba Group played a key role in establishing – and the DFTZ in Malaysia, established by Alibaba and MDEC in March this year, as pilot implementation towards building an e-road for global trade. By leveraging Alibaba’s internet technology and big data, the parties will facilitate cooperation between public and private enterprises in Hangzhou and Malaysia to provide easier access to customs clearance, inspection and permit issuance for SMEs to do cross-border trade.

Launched in March 2017, DFTZ will provide physical and virtual zones to support internet companies to trade goods, provide services, innovate and co-create solutions. The physical zone comprises of the eFulfillment Hub and Satellite Services Hub while the virtual zone consists of the eServices Platform. It has the potential to double the growth of Malaysian SMEs’ goods export by 2025, as well as support US$65 billion worth of goods moving through DFTZ. Additionally, DFTZ is expected to create 60,000 direct and indirect jobs by 2025.

According to Dato’ Yasmin, “DFTZ will be a boost to Malaysia’s eCommerce roadmap that was introduced in 2016, which aims to grow the nation’s eCommerce growth and increase the country’s GDP contribution to RM211 billion (approximately US$47.68 billion) by year 2020.”

PARTNER

Qlik’s vision is a data-literate world, where everyone can use data and analytics to improve decision-making and solve their most challenging problems. A private company, Qlik offers real-time data integration and analytics solutions, powered by Qlik Cloud, to close the gaps between data, insights and action. By transforming data into Active Intelligence, businesses can drive better decisions, improve revenue and profitability, and optimize customer relationships. Qlik serves more than 38,000 active customers in over 100 countries.

PARTNER

As a Titanium Black Partner of Dell Technologies, CTC Global Singapore boasts unparalleled access to resources.

Established in 1972, we bring 52 years of experience to the table, solidifying our position as a leading IT solutions provider in Singapore. With over 300 qualified IT professionals, we are dedicated to delivering integrated solutions that empower your organization in key areas such as Automation & AI, Cyber Security, App Modernization & Data Analytics, Enterprise Cloud Infrastructure, Workplace Modernization and Professional Services.

Renowned for our consulting expertise and delivering expert IT solutions, CTC Global Singapore has become the preferred IT outsourcing partner for businesses across Singapore.

PARTNER

Planview has one mission: to build the future of connected work. Our solutions enable organizations to connect the business from ideas to impact, empowering companies to accelerate the achievement of what matters most. Planview’s full spectrum of Portfolio Management and Work Management solutions creates an organizational focus on the strategic outcomes that matter and empowers teams to deliver their best work, no matter how they work. The comprehensive Planview platform and enterprise success model enables customers to deliver innovative, competitive products, services, and customer experiences. Headquartered in Austin, Texas, with locations around the world, Planview has more than 1,300 employees supporting 4,500 customers and 2.6 million users worldwide. For more information, visit www.planview.com.

SUPPORTING ORGANISATION

SIRIM is a premier industrial research and technology organisation in Malaysia, wholly-owned by the Minister​ of Finance Incorporated. With over forty years of experience and expertise, SIRIM is mandated as the machinery for research and technology development, and the national champion of quality. SIRIM has always played a major role in the development of the country’s private sector. By tapping into our expertise and knowledge base, we focus on developing new technologies and improvements in the manufacturing, technology and services sectors. We nurture Small Medium Enterprises (SME) growth with solutions for technology penetration and upgrading, making it an ideal technology partner for SMEs.

PARTNER

HashiCorp provides infrastructure automation software for multi-cloud environments, enabling enterprises to unlock a common cloud operating model to provision, secure, connect, and run any application on any infrastructure. HashiCorp tools allow organizations to deliver applications faster by helping enterprises transition from manual processes and ITIL practices to self-service automation and DevOps practices. 

PARTNER

IBM is a leading global hybrid cloud and AI, and consulting services provider, helping clients in more than 175 countries capitalize on insights from their data, streamline business processes, reduce costs and gain the competitive edge in their industries. Nearly 3,800 government and corporate entities in critical infrastructure areas such as financial services, telecommunications and healthcare rely on IBM’s hybrid cloud platform and Red Hat OpenShift to affect their digital transformations quickly, efficiently, and securely. IBM’s breakthrough innovations in AI, quantum computing, industry-specific cloud solutions and business services deliver open and flexible options to our clients. All of this is backed by IBM’s legendary commitment to trust, transparency, responsibility, inclusivity, and service. For more information, visit www.ibm.com