PM launches the Digital Free Trade Zone

  • TECH
  • Wednesday, 22 Mar 2017

Easing trade: The DTFZ will allow for easier trade within the region, said Najib.

Prime Minister Datuk Seri Najib Tun Razak launched the Digital Free Trade Zone (DFTZ), an e-hub established together with the Alibaba Group and the Malaysia Digital Economy Corporation (MDEC).

According to Alibaba Group executive chairman Jack Ma, who was speaking at the launch, Malaysia’s DFTZ will be the first outside of China and is meant to allow SMEs (small and medium enterprises) and “the younger generation”, as Ma puts it, more access to global markets by lowering trade barriers.

Subscribe now to our Premium Plan for an ad-free and unlimited reading experience!

Next In Tech News

Ghost in the machine: AI advances could see dead people 'deepfaked'
Review: 'Cassette Beasts' – Pok�mon-inspired pocket monsters for PC/console
Twitter is refusing to pay its Google Cloud bills - Platformer
Nigeria regulator says local Binance operations 'illegal'
More ‘charismatic’ AI can abuse trust but also help creativity
Opportunity or risk as sport races ahead with AI?
How to keep your data safe despite web browser security flaws
Meet the young Malaysian who’s built up a profitable empire on YouTube
Twitter to pay verified creators for ads in replies, Musk says
Tesla jumps as GM deal makes its charging network closer to US standard

Others Also Read