ASW
ASEAN Single Window
Regional eBased Trade Eco-system
Regional eBased Trade Eco-system
The establishment of the ASEAN Economic Community (AEC) is a major milestone in the regional economic integration agenda in ASEAN or the Association of Southeast Asian Nations, offering opportunities with a market size of US$2.6 trillion and a population of over 622 million.
And a key component of the AEC is the ASEAN Single Window (ASW) for Trade Facilitation, a unique regional initiative that connects and integrates NSWs of ASEAN member states to expedite cargo clearance within the context of increased economic integration in the ASEAN region.
The ASW is set to take these NSWs to a regional context, provide secure IT architecture and legal framework, and allow trade, transport, and commercial data to be exchanged electronically among government agencies or the trading community.
Such a regional, eBased trade eco-system can certainly expedite cargo clearance process, reduce cost and time of doing business, and enhance trade efficiency and competitiveness.
As the operator of Malaysia’s NSW for Trade Facilitation, Dagang Net is looking forward to making a significant impact in the implementation of the ASW.