MY EG Services Berhad (MYEG), Malaysia’s leading e-government and digital services provider, has signed a Memorandum of Understanding (MoU) with Singapore Trade Data Exchange Services Pte Ltd (SGTraDex) to enhance digital trade connectivity between Malaysia and Singapore. The agreement, signed at the ASEAN-GCC-China CEO Roundtable, aims to facilitate seamless digital cross-border trade, setting a new standard for digital trade connectivity in the ASEAN region.
The partnership will see MYEG’s Zetrix and SGTraDex explore technical integration to create a secure and interoperable channel for trade-related data exchange. This initiative is expected to transition trade flows from paper-based to digital, using verifiable electronic records. Dato Fadzli Shah, Co-Founder of Zetrix, stated, “By aligning Malaysia’s and Singapore’s trusted digital infrastructure, we’re creating the building blocks for a digitally unified ASEAN.”
SGTraDex, a public-private digital utility founded by Singapore’s Infocomm Media Development Authority, plays a crucial role in digitising logistics and trade finance. Chairman Tan Chin Hwee emphasised the importance of the collaboration, saying, “Our collaboration with MYEG reflects SGTraDex’s commitment to fostering open and trusted digital trade.”
The MoU outlines several areas of collaboration, including platform-to-platform connectivity, joint product development for trade document verification, and technical integration using blockchain. The partnership supports the ASEAN Digital Economy Framework Agreement and aims to facilitate mutual recognition of digital IDs and electronic trade documents across borders.
This strategic partnership is poised to reinforce ASEAN’s vision as a digitally interconnected economic bloc, potentially expanding integration efforts to include China and the Gulf Cooperation Council countries.
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