MyEG forms tie-up with China Customs

KUALA LUMPUR: MyEG Services Bhd (MyEG) has inked a partnership agreement with China Customs’ wholly-owned agency, East Logistic-Link Co Ltd to jointly provide a full suite of cross-border trade facilitation services that include certificates of origin on the Zetrix blockchain platform.

In a statement, MyEG said other certificates relevant to cross-border trade like food safety, quarantine, and bill of lading could also be issued on the chain.

“This will enable all data in these certificates to be available accurately in near real-time, and hence, increasing the efficiency of tariff computation and customs clearance, especially for trade within the Regional Comprehensive Economic Partnership,” it said.MyEG, through its blockchain platform Zetrix, provides the digital service to connect to China’s blockchain platform. — Bernama