PM launches the Digital Free Trade Zone

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.