Kuala Lumpur, 5 October 2017 – Dagang NeXchange Berhad (“DNeX”) has signed a memorandum of understanding (“MoU”) with e-commerce service providers from six countries to work together towards more efficient cross border trade among these countries.

Under the MoU, the parties will strengthen cooperation and partnership in the field of Trade Facilitation among the countries they are operating in. They will also engage in discussions and exchange of trade information as well as develop plans, business case, and ideas for cross border services for the transport and logistics community in the region.

The MoU signing, held in Kuala Lumpur today, was undertaken by representatives of the seven companies comprising subsidiary company of DNeX, DNeXPORT Sdn Bhd (Malaysia), GETS Asia Pte Ltd (Singapore), TIFFA EDI Services Co Ltd (Thailand), PT EDI (Indonesia), InterCommerce Network Services Inc (Philippines), Trade-Van Information Services Co. (Taiwan), and KTNET (South Korea).

Representing DNeXPORT at the signing was its Chief Executive Officer Ms Chong Yoke Ching. Also present at the event were Executive Chairman of Dagang Net Technologies Sdn Bhd Datuk Samsul Husin, Executive Chairman of DNeXPORT Dato’ Patrick Wong and Group Managing Director of DNeX En Zainal Abidin Jalil.

The signing ceremony was also held to coincide with the FIATA World Congress 2017 taking place at the Kuala Lumpur Convention Centre from 4 October to 8 October where Dagang Net – a wholly-owned subsidiary of DNeX - serves as the Diamond Sponsor.

“The parties involved in the MoU will work together to develop plans, business case, and ideas to kick off cross borders services for supply chain and logistics community. For us, this initiative will serve as a suitable platform to market our newly launched e-Service namely 1Trade – a Web-based one-stop portal that simplifies cargo and trade management processes,” said Datuk Samsul.

“We are excited to be part of this collaboration, which ultimate aim is towards overall enhancements of cross border trade. The collaboration was kicked off in October last year when three companies comprising DNeX and our counterparts from Singapore and Thailand first signed the MoU at the FIATA World Congress held in Dublin. That signing was witnessed by YB Dato Sri Liow Tiong Lai, Minister of Transport Malaysia and supported by the Federation of Malaysian Freight Forwarders (“FMFF”),” he said.

He added that the collaboration has certainly gained momentum with participation of companies from four more countries, and expects to garner participation from e-commerce service provider from other countries as well. Key players of the initiative are also part of the Pan Asian E-Commerce Alliance (”PAA”), an alliance of service providers that are authorised by Customs and other trade regulatory agencies in their respective economies, and provide secure, trusted, reliable and value-adding IT infrastructure and services to facilitate trade globally.

Organised annually, the FIATA World Congress provides an international platform for logistics industry leaders from across the globe to gain insights to industry challenges and put forward sustainable solutions. Hosting this prestigious event this year is the FMFF, the national association that represents the logistics industry in the country and endorsed by the Ministry of Transport Malaysia.