Cyberjaya, 23 December 2024 – Dagang Net Technologies Sdn Bhd, a wholly-owned subsidiary of Dagang NeXchange Berhad (“DNeX”), has announced a partnership with CONEX SAS to streamline EU trade compliance for Malaysian exporters. This collaboration aims to assist exporters in fulfilling the EU’s Import Control System 2 (“ICS2”) requirements, which mandate pre-notification of goods to Customs authorities before shipment to the EU.
Under this partnership, DNeX and CONEX will jointly develop a new service expected to be available by March 2025. This service will enable Malaysian exporters to submit electronically the necessary ICS2 information directly to the central EU system for risk assessment, simplifying the process and ensuring their compliance.
CONEX, a French company and leading EU IT service provider in customs procedure management solutions with a strong track record in customs and security declaration transmission, will leverage its expertise and platform to facilitate the seamless integration of the Entry Summary Declaration (“ENS”) submission process.
This partnership will benefit Malaysian exporters by:
- Reducing administrative burdens: Automating the ICS2 submission process.
- Minimising delays and disruptions: Ensuring timely and accurate data submission.
- Improving trade efficiency: Streamlining trade operations with the EU.
“This partnership will equip Malaysian businesses with the necessary tools to navigate EU regulations and maintain smooth trade operations,” said Tan Sri Syed Zainal Abidin Syed Mohamed Tahir Jamalullail, Executive Chairman of DNeX.
Bertrand GRUSON, CEO of CONEX, expressed his enthusiasm for the collaboration, stating, “We are pleased to support Malaysian businesses in meeting the growing demand for compliance in international trade.”
DNeX, through Dagang Net, operates Malaysia’s National Single Window for Trade Facilitation, a one-stop system connecting traders with government agencies and logistics partners. This platform processes over 100 million electronic transactions annually, facilitating seamless trade interactions and enhancing trade efficiency.
This partnership underscores DNeX’s commitment to supporting Malaysian exporters in navigating the complexities of international trade and maintaining a competitive edge in the global market as well as expanding their revenue stream.
About Dagang NeXchange Berhad
Dagang NeXchange Berhad (“DNeX”) is a global technology company operating in three business divisions namely Technology, Energy, and Information Technology (“IT”). In Technology, the company is a leading semiconductor foundry while in Energy, the company is making its mark in upstream exploration and production as well as equipment supply and maintenance. In IT, the company is a leading provider of award-winning eServices for Trade Facilitation and has a wealth of knowledge, expertise and operational know-how in the provisioning of eServices for Trade Facilitation, Technology Consulting and Systems Integration, as well as Subsea Telecommunications. The company is listed on the Main Market of Bursa Malaysia. For more information on the company, log on to www.dnex.com.my.
About ICS2
The European Union makes the security of its citizens and the single market a top priority. Every year, trillions of euros worth of goods are imported into the EU. Today the 27 members of the EU represent around 15% of global trade in goods. This new system for the declaration of advance information on goods entering the EU supports the implementation of the European Union Customs Code and the customs risk management program aimed at better protecting the single market and citizens of the EU.
About CONEX
Partner to economic operators in all sectors of activity, CONEX develops and markets a range of collaborative tools for the management of customs and security declarations. Its clients, importing/exporting companies, transporters, RDEs (Registered Customs Representatives), use its solutions and services to optimise and secure the entry, processing and electronic exchange of declarations for all their international exchanges of goods.
CONEX has been participating in developments in international trade and the supply chain for nearly 40 years, supporting companies in their customs development, and collaborating with European and international customs administrations.
To learn more : www.conex.net