logo
Malaysia champions regional digital trade under 2025 Asean Chairmanship

Malaysia champions regional digital trade under 2025 Asean Chairmanship

The Sun30-05-2025

KLANG: Malaysia is leading efforts to boost digital trade as the 2025 Asean chair and support the region's economic recovery.
Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said under Malaysia's leadership, Asean is poised to address critical challenges such as supply chain disruptions, digital transformation, and climate change.
He stated that the country is collaborating closely with regional partners to implement the Asean Comprehensive Recovery Framework (ACRF), which aims to ensure a robust and sustainable recovery from the economic impacts of recent global crises.
'One of Malaysia's key priorities is to enhance the Asean Single Window, a digital platform that streamlines trade processes across member states.
'By reducing bureaucracy and improving trade efficiency, the ASW will play a pivotal role in strengthening regional supply chains and boosting intra-Asean trade, which currently accounts for nearly 25% of total Asean trade,' he said at the groundbreaking ceremony of YCH Group's RM500 million supply chain city Malaysia (SCC MY).
Additionally, he said Malaysia is championing the development of the Asean Digital Economy Framework Agreement (DEFA), which seeks to harmonise digital trade regulations and promote cross-border e-commerce.
'This initiative will not only enhance digital connectivity but also create new opportunities for businesses and consumers across the region,' he said.
The Asean Comprehensive Recovery Framework (ACRF) is a strategic initiative adopted by the Association of Southeast Asian Nations (ASEAN) during the 37th Asean Summit on November 12, 2020.
It serves as the region's consolidated exit strategy from the Covid-19 crisis, aiming to guide Asean's recovery efforts across various sectors and stages of recovery.
The framework emphasises that digitalisation will be crucial to ensuring continuity in trade and services, particularly during crises.
It calls for wider acceptance of digital documents, simplified customs procedures, and increased use of local currencies to reduce transaction costs and enhance financial integration.
To support this, several Asean member states have begun relaxing documentation requirements and adopting digital platforms such as the Asean Single Window for customs declarations and certificates of origin, although inconsistencies remain between countries and agencies.
Efforts are also underway to address gaps in infrastructure, data governance, cybersecurity, and legal frameworks—critical enablers for a seamless, secure regional digital economy under DEFA.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Malaysia's Evacuation Assistance A Testament To ASEAN Solidarity, Says Singapore FM
Malaysia's Evacuation Assistance A Testament To ASEAN Solidarity, Says Singapore FM

Barnama

time3 hours ago

  • Barnama

Malaysia's Evacuation Assistance A Testament To ASEAN Solidarity, Says Singapore FM

By Nur Ashikin Abdul Aziz SINGAPORE, June 23 (Bernama) -- Malaysia's assistance in evacuating a Singaporean from Iran not only reinforces the close and enduring relationship between the two countries, but also serves as a testament to ASEAN solidarity, said Singapore Foreign Affairs Minister Dr Vivian Balakrishnan. In a letter to his Malaysian counterpart, Datuk Seri Mohamad Hasan, Balakrishnan said the support is also a real-life demonstration of the importance of the ASEAN Guidelines on Consular Assistance for ASEAN Member States to help one another's citizens. bootstrap slideshow 'Hard times reveal true friends. We sincerely appreciate your government's readiness to extend assistance in times of crisis,' he wrote in the letter. A copy of the letter was shared by Balakrishnan on his Facebook page on Monday, where he also stated that he was grateful to the governments of Malaysia and Oman for their invaluable support in safely evacuating Singaporeans from Iran. In the letter, he noted that the swift and professional action taken by Wisma Putra Consular Division and the Malaysian embassies in Tehran and Ashgabat allowed Singapore to operationalise an evacuation plan under difficult circumstances. 'Their prompt assistance, particularly securing the necessary accommodation, transportation, and entry permits into Turkmenistan, was crucial in ensuring the safety of our citizens,' he added. Meanwhile, Balakrishnan also wrote a separate letter to Omani Foreign Minister Badr bin Hamad al-Busaidi to express his gratitude for Oman's prompt and effective assistance. He said Singapore remains deeply concerned about the escalation of tensions in the Middle East, and that various mediation efforts, including those by Al-Busaidi, are crucial for de-escalation.

AirAsia X expands Central Asia reach with new route to Tashkent, Uzbekistan
AirAsia X expands Central Asia reach with new route to Tashkent, Uzbekistan

The Sun

time5 hours ago

  • The Sun

AirAsia X expands Central Asia reach with new route to Tashkent, Uzbekistan

SEPANG: AirAsia X (AAX) announced today a new route to Tashkent, Uzbekistan, commencing on Oct 15 with a frequency of three times a week. Following AAX's entry into the region with Almaty, Kazakhstan in early 2024, with a consistently strong load factor and increased flight frequencies, the Tashkent route is aimed at further facilitating air travel between Southeast Asia and Central Asia, fostering stronger trade, tourism and business ties between the regions. This connectivity will enable more travellers in Asean as well as Australia, to explore Uzbekistan affordability with AirAsia's Fly-Thru options, spanning over 130 destinations worldwide. AirAsia X CEO Benyamin Ismail said: 'The launch of our Kuala Lumpur-Tashkent route is a strategic milestone in AAX's continued growth across Asia and beyond. Central Asia presents immense potential, with Uzbekistan's economy growing steadily and a rising middle class eager to explore new destinations. 'We have seen a marked increase in passenger demand for Central Asia following our successful Almaty route, and our vision is to create a comprehensive network that supports regional development and connects people to new places whilst creating unforgettable travel experiences along the way.' Meanwhile, Uzbekistan ambassador to Malaysia Karomidin Gadoev commented: 'The commencement of direct flights by AAX between these two major cities is a landmark development for Uzbekistan-Malaysia relations. With Uzbekistan's tourism sector expanding rapidly and Malaysia's strong position as a tourism and business hub in Southeast Asia, this route will significantly enhance connectivity, foster tourism exchanges, and open new avenues for investment. We are excited to welcome AAX to this promising market and look forward to a fruitful venture.' To mark AAX's commencement of the Tashkent service, travellers will get a promotional introductory fare from RM99 all-in one-way economy seats starting fromtoday until June 29 for the travel period between Oct 15, 2025 and Sept 14, 2026. This special fare is subject to availability, with subsequent fares starting from RM899.

Anwar congratulates South Korea's new president, reaffirms ties
Anwar congratulates South Korea's new president, reaffirms ties

New Straits Times

time5 hours ago

  • New Straits Times

Anwar congratulates South Korea's new president, reaffirms ties

KUALA LUMPUR: Prime Minister Datuk Seri Anwar Ibrahim has congratulated South Korea's newly elected President Lee Jae Myung, expressing confidence in his leadership as the country enters a new chapter. In a Facebook post, Anwar said he spoke with Lee this morning to convey his well wishes following the Democratic Party's victory in South Korea's presidential election. "I expressed full confidence in his leadership as the country enters a new chapter," he said. Anwar said both leaders reaffirmed their commitment to strengthening the Malaysia–South Korea Strategic Partnership, which was elevated during his official visit to Seoul in November last year. He said ongoing cooperation between the two countries would continue to focus on four key areas — peace and security, defence, economic ties, and people-to-people exchanges through education and tourism — alongside broader regional and global collaboration. "South Korea remains Malaysia's eighth-largest trading partner, with bilateral trade exceeding US$20 billion for three consecutive years. "I reiterated Malaysia's commitment to concluding the Malaysia–Korea Free Trade Agreement (MKFTA) within this year." Anwar also extended an invitation to Lee to attend the 47th Asean Summit and the Asean–Republic of Korea Summit, both scheduled to be held in Kuala Lumpur this October. "I will attend the APEC Summit in Gyeongju this November and look forward to welcoming him on an official visit to Malaysia ahead of the Asean meetings," he said.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store