Malaysia and Alibaba launches Digital Free Trade Zone

The KLIA Aeropolis DFTZ Park will most definitely be Alibaba's very first local center beyond China.

Malaysia and Alibaba launches Digital Free Trade Zone | BEAMSTART News

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The highly anticipated Digital Free Trade Zone (DFTZ) is now launched.

Prime Minister of Malaysia, Datuk Seri Najib Tun Razak and also Alibaba Group's Executive Chairman, Jack Ma was present at the groundbreaking launch of the KLIA Aeropolis DFTZ Park, situated at the KL Air Cargo Terminal 1 in Sepang.

Prime Minister Datuk Seri Najib Tun Razak and Alibaba Group executive chairman Jack Ma attended the groundbreaking ceremony of the KLIA Aeropolis DFTZ Park on Friday - (Image: The Star)

The KLIA Aeropolis DFTZ Park will most definitely be Alibaba's very first local center beyond China.

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"Since day one of our collaboration, Malaysia has never failed to impress me," Ma stated in comments had in a news release distributed to the press just before the groundbreaking event Friday.

"I believe that this is the beginning of a long-standing strategic partnership between the two nations.

"Alibaba Group definitely plans to stay and strengthen our presence here," he said.

Najib in his well prepared comments stated Small and Medium Enterprises (SMEs) have the power to change the economic situation.

"They are ambitious, nimble and have the potential to create high value employment.

"They have the power to move Malaysia to become a high-income nation," added Najib.

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The occasion, called "DFTZ Goes Live!" will certainly among others see Najib and also Ma flagging off over 1,900 SMEs participating in the DFTZ.

The DFTZ, which Najib introduced in March, is an "e-hub" assembled with the Alibaba Group and also Malaysia Digital Economy Corporation (MDEC).

The DFTZ would allow regional SMEs as well as ecommerce organisations market their items worldwide much more conveniently.

It additionally intends to aid make Malaysia the local fulfilment center for international companies to connect with Asean shoppers.


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