Informative Speech Video : Import and Export Procedure In Malaysia

Summary

Imraan introduces the import and export process in Malaysia, emphasizing the necessity of understanding the procedure for international trade success. He highlights the importance of registering with the Companies Commission of Malaysia and obtaining necessary licenses from the Ministry of International Trade and Industry. The speaker also discusses the role of the Royal Malaysian Customs Department in enforcing customs rules and the need for specific documents for import and export clearance. The summary concludes with the significance of adhering to tariff systems and regulations to ensure smooth global trade.

Takeaways

• 📢 The speaker, Imraan, is discussing the Import and Export procedure in Malaysia, emphasizing its importance in the lively market.
• 🌐 Basic knowledge of import and export is essential for managing the complexity of international trade, whether for raw materials or finished goods.
• 📝 A one-time registration with the Companies Commission of Malaysia is mandatory for traders engaging in international trade to obtain necessary licenses.
• 🏢 The Ministry of International Trade and Industry (MITI) oversees various aspects of international trade, including productivity, industry development, and strategic trade.
• 🛃 The Royal Malaysian Customs Department (RMC or JKDM) is responsible for managing indirect tax rules and enforcing customs regulations at borders.
• 📑 Specific documents are required for import and export clearance, such as an appeal of leading, pack list, certificate of origin, customs export or import declaration, and commercial invoice.
• 📋 Additional permissions may be necessary for goods with specific characteristics, such as chemicals, animals, corals, antiques, etc.
• 💼 Traders must be aware of and comply with extra rules and regulations to ensure smooth trade operations.
• 📈 Malaysia uses the Harmonized Tariff System for goods not from ASEAN member states, while the ASEAN Harmonized Tariff Nomenclature is used for trade within ASEAN.
• 🔍 An online platform called 'daget' facilitates both importing and exporting processes, making international trade clear and efficient.
• 🌟 Understanding and following the import and export steps carefully can help businesses succeed in the global market and ensure compliance with rules and efficiency.

Q & A

What is the primary topic discussed in the video script?

The primary topic discussed in the video script is the Import and Export procedure in Malaysia, including the necessary steps and regulations for engaging in international trade.

Who is the speaker in the video script?

The speaker in the video script is Imraan, who introduces himself at the beginning of the transcript.

Why is it important for traders to understand the import and export procedure in Malaysia?

Understanding the import and export procedure is essential for traders to manage the complexity of international trade, ensure compliance with regulations, and maintain a fair and honest trade system.

What is the initial step a trader must take to engage in international trade in Malaysia?

The initial step a trader must take is to register with the Companies Commission of Malaysia, which is necessary to obtain the required import or export license.

Which ministry oversees various aspects of international trade in Malaysia?

The Ministry of International Trade and Industry oversees various aspects of international trade in Malaysia, including productivity, industry investment, and strategic trade.

What is the online platform mentioned in the script that facilitates import and export procedures?

The online platform mentioned in the script is called 'daget', which helps businesses work more smoothly when conducting international trade by making processes clear and efficient.

What is the role of the Royal Malaysian Customs Department (RMC or JKDM) in import and export?

The Royal Malaysian Customs Department is responsible for managing Malaysia's indirect tax rules, enforcing customs regulations at the border, and fighting against drug crimes to ensure fair and honest trade.

What are some of the important documents required by the Royal Malayan Customs Department for import and export clearance?

Important documents include a Bill of Lading, packing list, certificate of origin, customs export or import declaration, and a commercial invoice. Additional permissions may be required for goods with specific characteristics.

What is the tariff system used by Malaysia for goods not from ASEAN member states?

For goods not from ASEAN member states, Malaysia uses the Harmonized Tariff System (HTS) for import and export.

How does understanding the import and export process benefit a business in the global market?

Understanding and following the import and export process carefully helps a business to operate efficiently, comply with international trade rules, and ensure smooth and successful transactions in the global market.

What does the speaker emphasize as crucial for a company to be successful in the worldwide market?

The speaker emphasizes that a company must understand the series of crucial steps involved in negotiating the global commerce landscape, including following all the rules and procedures for international trade.