National Trade Blueprint

27 National Trade Blueprint Strengthening Export Ecosystem Thrust 1: 8 Strategic Thrusts Objective / Pain points Lack of single registry of exporters has posed a challenge for government agencies to fully understand the landscape of exporters. Key Stakeholders: MITI (Lead), MATRADE, RMCD, MOT Implementation timeline : Medium-term (continuous effort) Action plans 1. Collaborate with Royal Malaysia Customs Departments (RMCD) to identify exporters details a) Identify details of exporters through relevant documentation. b) Development of the database/registry 2. Introduction and utilisation of the Exporters ID a) Upon introducing Exporters ID, it should be made mandatory in all applications of initiatives/grants or participation in any trade related event. 3. Include list of importer a) The database can be further developed to include the list of importers. 4. Compilation of database on potential exporters a) Relevant agencies to consolidate a list of potential exporters. b) Besides MATRADE, relevant entities undertaking export promotion activities (e.g., SMECorp, HDC) should continuously update the shared database with new participants. Objective / Pain points Consolidating information on existing assistance for trade financing in a single reference portal. There is a low level of awareness for the wide range of trade financing assistance provided by government agencies and statutory bodies. Key Stakeholders: MOF (Lead), Bank Negara , MATRADE, Association of Banks, Financial Institutions Implementation timeline: Short-term (continuous effort) Action plans 1. Build a single reference point for financing via the Single Trade Information Portal a) Aggregate information to be displayed on the portal, and arrange them in a clear and organised manner with linkages to the respective websites for more information on financial initiatives. b) A working group can be created to pull and consolidate information from existing sources such as portals from relevant ministries / agencies. 2. Maximise the usage of self-assessment tool a) Develop a simple assessment tool which allows users to determine which type of financing initiative is most relevant to them. 3. Deploy systematic consultation across contact points a) Train the helpdesk officers on proper steps to guide incoming queries (e.g., what are the next steps/right programmes for exporters). 4. Continuously building financial literacy a) Provide seminars/training programmes to improve financial literacy among business owners, and guidance on where/how to obtain financial assistance. Establish a centralised database/registry of all exporters and importers 1.2 Comprehensive facilitation and awareness of all trade financing related initiatives 1.3