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

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

QSR Brands temporarily shuts down over 100 KFC stores nationwide due to boycotts
Most Asian currencies muted; stocks gain ahead of Fed rate decision
Meta Bright secures RM28mil financing from AmBank
Tex Cycle partners Evolusi Bersatu for Sabah's first integrated waste management facility
Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns
Boost EMS sector in Sarawak
Not timely to water down issue
SC partners IsDB to advance Islamic capital market, social finance
TA Securities values ACE Market-bound Sin-Kung at 16.5 sen
ACE Market-bound Kawan Renergy aims to raise RM33mil from IPO

Others Also Read