EZECOM to launch Digital Free Trade Zone (DFTZ)

0
66

One of Cambodia’s leading internet service providers, EZECOM Co Ltd, has revealed plans to launch a trade facilitation project called the Digital Free Trade Zone (DFTZ).

The new DFTZ will aim to “manage, store and analyse paperless data said a report in the Phnom Penh Post this week. The project was announced at the opening of the World E-Commerce Forum held this week, which was co-organised by the Cambodian Ministry of Commerce and Royal Group.

EZECOM said the project “would provide highly accurate, reliable and low-cost paperless data management solutions for e-commerce activity.” An EZECOM representative added, “The project will also benefit the government in achieving its goal of transforming the Cambodian economy into a digital economy by 2023.”

Ministry secretary of state Sok Sopheak asked the company to first consult with the relevant ministries and institutions.

Cambodia and a digital economy

Cambodia signed the UN treaty entitled “Framework Agreement on Facilitation of Cross-border Paperless Trade in Asia and the Pacific” in 2017. In addition, the Cambodian government signed the ASEAN Agreement on e-Commerce in 2019.

In 2020 a number of new digital platforms and projects have been launched or announced.

  • Cambodia National Single Window Project (in accordance with the ASEAN National Single Window initiative)
  • In June 2020, the Cambodian Ministry of Industry, Science, Technology and Innovation also is said to be reportedly setting up another online portal, this one is aimed at small and medium enterprises (SMEs), called KhmerSME.
  • Cambodian taxpayers can use the e-tax service to pay their monthly tax returns.

Sopheak added that the Ministry of Commerce had introduced the online business registration, automated the application for certification of origin and the establishment of laws on e-commerce.

Earlier in 2020, the Ministry of Economy and Finance secretary of state Vongsey Vissoth asked for the expedition of the draft concept note on “Digital Government Policy”.

The first draft of Cambodia E-Government Strategic Plan 2018-2023 was drafted by the telecoms ministry in line with the Cambodia ICT Masterplan 2020 and Telecom-ICT Policy 2020.

EZECOM in Cambodia

EZECOM is a Cambodian internet provider which has been operating for more than a decade. The company is part of the Royal Group of Companies which owns several leading Cambodian businesses.

It officially achieved ISO 9001:2015 Quality Management System certification by BM Trada in 2020. It is the first ISP in Cambodia to achieve this.

Ms. Yuni Lee Heathcote, CEO of EZECOM, said, “The standard has helped us to be more efficient and effective. We don’t need to reinvent the wheel. We simply learn from them and get things done faster and more efficiently, which makes our whole organization more productive.”

In August 2020, EZECOM signed a Memorandum of Understanding (MOU) with AUPP Ltd., the parent company of American University of Phnom Penh (AUPP) for its Center for Leadership and Professional Development (CLPD).

You can read more about the Cambodian Fintech and online money transfers in Cambodia here.

LEAVE A REPLY

Please enter your comment!
Please enter your name here