FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) and one of the world’s largest express transportation companies, says it is ready to support Malaysian businesses in tapping potential growth opportunities from the Regional Comprehensive Economic Partnership (RCEP).
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At a recent RCEP conference, which was held on 15 December 2022, FedEx highlighted the key opportunities offered by this trade agreement that local economies and businesses can tap.
In its presentation, FedEx shared how it plays a critical role in expanding trade, helping businesses build nimble supply chains and delivering local products and services to global customers around the world. FedEx also shared how the company can support local companies globalise their business by taking advantage of this economic agreement.
“FedEx has been a long-time advocate for free global trade. We are delighted to see Malaysia become a member state of the RCEP,” said SC Chong, managing director, FedEx Express Malaysia.
“For local businesses looking to leverage RCEP to fuel their future growth, it is vital to find a reliable logistics partner who can provide the right solutions to meet the diverse needs for themselves and their customers. Since Asia Pacific has a 30 per cent share of the global air cargo market, FedEx will continue to monitor demand in the region including Malaysia, optimize our global network, and provide the right solutions to help SMEs tap new markets and benefit from greater import and export opportunities.”
FedEx supports businesses including SMEs through its portfolio of solutions. For example, customers enjoy a smooth customs clearance process through the use of online automation tools to ensure their shipments are delivered on time.
FedEx Global Trade Manager (GTM) provides customers with a one-stop resource for international shipping information that helps companies enter new markets. FedEx Electronic Trade Documents (ETD) helps companies automate and streamline their customs clearance processes.
The RCEP conference was organised by FedEx in collaboration with the think tank Institute for Democracy and Economic Affairs (IDEAS). Other industry leaders invited as keynote speakers included representatives from the Ministry of International Trade and Industry (MITI) Malaysia, IDEAS, Institute of Southeast Asian Studies (ISEAS) Yusof Ishak Institute and Deloitte’s Global Trade Advisory, Climate Change and Sustainability.
RCEP is the world’s largest free trade agreement, covering 15 countries or nearly one-third of the world’s Gross Domestic Product (GDP) and close to one-third of the world’s population. RCEP endeavours to create opportunities for trade and investment by strengthening economic linkages.
Malaysia became the twelfth signatory country in March 2022 to implement the RCEP Agreement. 
