By Nurul Amalina, Amy Mastura, and Nur Aila
Based
on the National Transformation, the Malaysian economy will turn into a digital
economy. Progress in economic development generally requires three key areas
such as logistics hub, satellite service hub and e-Services platform. Malaysian
launched the Digital Free Trade Zone (DFTZ), this is to encourage more parties
to participate in e-commerce. DFTZ aims to help local small and medium
enterprises prepare to facilitate cross-border trade smoothly and enable local
businesses to export their goods to boost the country's economic growth. The
objective of launching DFTZ is to help SMEs export their products globally in a
convenient way and also enable the global market to get sourcing from
manufacturers or merchants in Malaysian. In fact, it can also make Malaysian a
regional global hub for global brands to reach ASEAN buyers. A stable ecosystem
to spur creative innovation in e-commerce and the internet economy is also one
of the goals in this DFTZ. Furthermore, the formation of DFTZ is also a great
help in benefiting the nation's economy, namely integrated import and export
services and integrated logistics, large data analysis, smooth fund management,
the Pavilion Malaysian can be produced and can also ensure future trade
advancement. Overall, the establishment of DFTZ has benefited the latest
technological and innovation benefits for efficient cross border trading and
indirectly linked global services in the public sector and provided convenience
to exporters and importers.
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