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FedEx Express to back Malaysian businesses in tapping RCEP growth opportunties

KUALA LUMPUR: FedEx Express (FedEx) says it is ready to support Malaysian businesses in tapping potential growth opportunities from the Regional Comprehensive Economic Partnership (RCEP).

FedEx is a subsidiary of FedEx Corp and one of the world's largest express transportation companies.

The RCEP is the world's largest free trade agreement covering 15 countries.

Malaysia became the 12th signatory country in March 2022 to implement the RCEP Agreement.

FedEx, at an RCEP conference on Dec 15, highlighted the key opportunities offered by the trade agreement that local economies and businesses could tap.

"FedEx 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," it said today.

FedEx shared how the company can support local companies globalize 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, optimise our global network, and provide the right solutions to help SMEs tap new markets and benefit from greater import and export opportunities."

The conference was organised by FedEx in collaboration with think tank Institute for Democracy and Economic Affairs.

Other industry leaders invited as keynote speakers included representatives from the Ministry of International Trade and Industry, Institute of Southeast Asian Studies' Yusof Ishak Institute and Deloitte's Global Trade Advisory, Climate Change and Sustainability.

RCEP is the world's largest free trade agreement, covering nearly one-third of the world's gross domestic product and close to one-third of the world's population.

© New Straits Times Press (M) Bhd



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