DNex, APMEN launch one-stop FTA service

The 20-year contract secured by its unit Metro Parking Management Philippines Inc would also include the construction of an additional 208-bays of steel deck parking structure in MBP - a bustling business hub in the affluent suburb near Alabang Town Centre, one of Metro Manila

KUALA LUMPUR: Dagang Nexchange Bhd (DNeX) and Asia-Pacific Model E-Port Network (APMEN) have launched SmartFTAX, a one-stop free trade agreement (FTA) service.

The service is aimed at helping businesses benefit from FTA preferential tariffs in a more efficient way by enabling them to check the rules of origin, document requirements and preferential FTA tariffs as well as to calculate tariff savings, DNeX said in a statement.

Targeted at exporters and importers, the service is expected to be available by year-end through a monthly subscription.

SmartFTAX was launched earlier today in conjunction with the opening of the 4th Asia-Pacific Economic Cooperation (APEC) Public-Private Dialogue on Advancing Trade Facilitation and Supply Chain Connectivity through APMEN held in Xiamen, China.

The launch of SmartFTAX was a follow-through from a memorandum of understanding signed in March between DNeX with APMEN Operational Centre to work towards more efficient cross-border trade between ASEAN and China.

DNeX Executive Director Datuk Patrick Wong said SmartFTAX would be able to help businesses, particularly the small and medium enterprises which had no internal expertise to manage FTA compliance, gain savings from preferential duties and sourcing for better materials from countries of origin. - Bernama