CONEX and Malaysian operator DNeX form partnership for ICS2

CONEX is continuing to expand its presence in Asia, with the introduction of ICS2 at the EU's borders, which imposes new security formalities on incoming goods.  After E&P International Inc. in China, CONEX has formed a new partnership with DNeX, Malaysia's national one-stop shop for exports.

Co-development for ICS2 compliance

Dagang Net Technologies Sdn Bhd, a wholly owned subsidiary of Dagang NeXchange Berhad (DNeX), and CONEX have announced a partnership on EU trade compliance for Malaysian exporters. The collaboration aims to help exporters meet the requirements of the EU's ICS2 import control system, which requires goods to be notified in advance to customs authorities before being shipped to the EU.

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DNeX, through Dagang Net, manages Malaysia's national trade facilitation single window, a one-stop shop that connects traders to government agencies and logistics partners. This platform processes more than 100 million electronic transactions a year, facilitating commercial interactions and improving trade efficiency.

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DNeX and CONEX are jointly developing a new service, available by March 2025. This service will enable Malaysian exporters to submit ICS2 data electronically, directly to the EU's central risk assessment system, simplifying the process and ensuring their compliance. CONEX will leverage its expertise and SAFE via conex™ platform to facilitate the seamless integration of the Entry Summary Declaration (ENS) submission process.

This partnership will benefit Malaysian exporters by:

- reducing administrative burdens, thanks to the automation of the ICS2 submission process,
- minimising delays and disruptions, so that data is transmitted on time and accurately,
- improve commercial efficiency and streamline commercial operations with the EU.

This partnership underlines DNeX's commitment to helping Malaysian exporters navigate the complexities of international trade and maintain a competitive edge in the global marketplace, as well as increasing their revenue stream.

Faizal Sham Abu Mansor,
Group Chief Executive Officer of DNeX

"Through this strategic partnership, we are empowering Malaysian exporters to navigate with ease the complexities of EU trade compliance. By streamlining the ICS2 submission process, we are also ensuring timely and accurate ENS submission, enabling smoother and more efficient trade for Malaysian exporters with the EU. This collaboration underscores our commitment to driving digital transformation in global trade and enhancing the competitiveness of Malaysian businesses on the international stage," said Faizal Sham Abu Mansor Group Chief Executive Officer of DNeX.

Bertrand Gruson,
President and CEO CONEX

 

Bertrand GRUSON, CEO of CONEX, expressed his enthusiasm for the collaboration, saying: ‘We are pleased to help Malaysian companies meet the growing demand for compliance in international trade. CONEX is building a growing network of partnerships in Asia. It is the result of years of relationships and exchanges with local operators, who have identified us as a European point of reference. This new partnership draws on our expertise in European regulations and our ability to integrate multi-operator information systems.”

About ICS2

The European Union makes the security of its citizens and the single market an absolute priority. Every year, trillions of euros worth of goods are imported into the EU. Today, the 27 members of the EU account for around 15% of world trade in goods. This new system for declaring advance information on goods entering the EU supports the implementation of the EU Union Customs Code and the customs risk management programme to better protect the Single Market and EU citizens.

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About Dagang NeXchange Berhad

Dagang NeXchange Berhad (“DNeX”) is a global technology company operating in three business divisions: Technology, Energy, and Information Technology (“IT”). In Technology, the company operates as a semiconductor foundry. In Energy, the company is involved in upstream exploration and production in the North Sea, UK and Malaysia as well as equipment supply and maintenance. In IT, the company provides eServices for Trade Facilitation and has experience in Technology Consulting and Systems Integration. The company is listed on the Main Market of Bursa Malaysia. For more information on the company, log on to www.dnex.com.my.

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Agence C3M
Michelle Amiard, michelle@agence-c3M.com