Prime Minister, Datuk Seri Najib Tun Razak launched Malaysia’s Digital Free Trade Zone today, describing it as a world’s first. He said the zone would benefit entrepreneurs by offering a conducive environment for digital companies to carry out their business. “The initiative is part of the recently launched National E-Commerce Strategic Roadmap which aims to double e-commerce growth from 10.8 % to 20.8% by 2020,” he said in his opening remarks at the Global Transformation Forum 2017 in Kuala Lumpur. The launch was attended by Alibaba founder Jack Ma.

The Digital Free Trade Zone is a a brain child of Datuk Seri Najib. It will among other things, knock down tariffs imposed on items being shipped into the country that are priced over RM500.

Source: The Star