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.

Outlines

00:00

📚 Introduction to Import and Export in Malaysia

The speaker, Pimraan, introduces the topic of import and export procedures in Malaysia, emphasizing the importance of understanding these processes for businesses engaging in international trade. He mentions the necessity of basic knowledge for buyers and sellers and the role of Malaysian Freight Forwarding companies like MS Dell, FedEx, and Posl. The speaker also highlights the importance of registration with the Companies Commission of Malaysia and obtaining import or export licenses from the Ministry of International Trade and Industry, which oversees various aspects of international trade.

🌐 Online Platform for Trade Simplification

This section discusses the existence of an online platform called 'daget' that facilitates both importing and exporting processes in Malaysia. The platform aims to make international trade smoother and more efficient by clarifying procedures for businesses. The speaker also touches on the role of the Royal Malaysian Customs Department (RMC or JKDM), which is responsible for managing indirect tax rules and ensuring compliance with customs regulations at the border.

📄 Essential Documents for Import and Export

The speaker outlines the essential documents required by the Royal Malayan Customs Department for facilitating import and export clearance. These documents include an appeal of leading pack list, certificate of origin, customs export or import declaration, and a commercial invoice. For goods with specific characteristics, such as chemicals, animals, corals, antiques, and more, additional permissions are necessary, and traders must be aware of and adhere to these extra rules.

💼 Tariffs and Taxes in Malaysian Trade

The final paragraph addresses the tariff and tax systems in Malaysia. The country uses the Harmonized Tariff System for goods not originating from or destined for ASEAN member states. For trade within ASEAN, the ASEAN Harmonized Tariff Nomenclature is the main system in place. The speaker concludes by reiterating the importance of understanding and following the import and export procedures in Malaysia to ensure smooth and rule-compliant international trade.

Keywords

💡Import and Export Procedure

This refers to the process of bringing goods into a country (importing) or sending them out of a country (exporting). It is central to the video's theme as it discusses the essential steps and knowledge required for managing international trade activities in Malaysia. The script mentions that understanding this procedure is crucial for companies engaging in global commerce.

💡Malaysia Shifting Environment

This term suggests the dynamic and changing economic landscape of Malaysia, particularly in relation to international trade. The video emphasizes the importance of adapting to this shifting environment to successfully manage the complexities of importing and exporting goods.

💡Malaysian Freight Forwarding Companies

These are companies like MS Dell, FedEx, and M that facilitate the movement of goods internationally. They are mentioned in the script as part of the logistics involved in the import and export journey, highlighting their role in the global marketplace.

💡Company Commission of Malaysia

This is the initial registration body that traders must engage with to obtain necessary licenses for international trade. The script explains that registering with this commission is a key step in the import and export procedure in Malaysia.

💡Ministry of International Trade and Industry (MITI)

MITI is a government entity that oversees various aspects of international trade, including the issuance of import and export licenses. The script positions MITI as a pivotal player in controlling and facilitating Malaysia's participation in the global market.

💡Dagang Platform

Dagang is an online platform mentioned in the script that handles both importing and exporting processes. It is designed to make international trade more efficient and transparent for businesses operating in Malaysia.

💡Royal Malaysian Customs Department (RMC or JKDM)

This department is responsible for managing Malaysia's indirect tax rules and enforcing customs regulations at the border. The script describes its role in ensuring fair and honest trade practices, particularly in relation to the import and export of goods.

💡Customs Documentation

The script refers to the specific documents required by the Royal Malayan Customs Department for facilitating import and export clearance. These documents, such as the appeal of leading, pack list, and commercial invoice, are essential for traders to comply with customs regulations.

💡Harmonized Tariff System

This system is used in Malaysia for classifying goods for import and export, particularly for goods not originating from or destined for ASEAN member states. The script explains that for items within the ASEAN region, a different tariff system is in place, indicating the importance of understanding tariff regulations for international trade.

💡ASEAN Harmonized Tariff Nomenclature (AHTN)

AHTN is the main tariff system for goods traded within the ASEAN region. The script mentions this system to illustrate the different tariff regulations that apply to intra-ASEAN trade, emphasizing the need for traders to be aware of these distinctions.

💡Global Trade Efficiency

The script concludes by emphasizing the importance of understanding and following the steps of import and export to ensure efficiency in global trade. This concept is integral to the video's message, as it suggests that adherence to proper procedures and regulations can lead to smoother international transactions.

Highlights

Import and export procedures are crucial for businesses in Malaysia's lively market.

Basic knowledge of import and export is often overlooked by buyers and sellers.

Understanding the procedure is essential for managing the complexity of international trade.

Companies must register with the Companies Commission of Malaysia for international trade.

Registration allows obtaining necessary import or export licenses from the Ministry of International Trade and Industry.

The Ministry oversees various aspects of international trade including productivity, industry investment, and strategic trade.

An online platform called DaGEnD facilitates both importing and exporting processes.

DaGEnD helps businesses work smoothly and efficiently in international trade.

The Royal Malaysian Customs Department, also known as RMC or JKDM, manages indirect tax rules.

Customs enforces rules at the border and fights against drug crimes to ensure fair trade.

Specific documents are required for import and export clearance, such as a bill of lading, certificate of origin, and commercial invoice.

Additional permissions are necessary for goods with specific characteristics like chemicals, animals, corals, and antiques.

Malaysia uses the Harmonized Tariff System for goods not from ASEAN member states.

For items traded within ASEAN, the ASEAN Harmonized Tariff Nomenclature is the main system in place.

Understanding import and export procedures is vital for global measures and ensuring smooth international trade.

Following the steps carefully helps businesses operate efficiently and comply with rules in the global market.

The presentation concludes with a reminder of the importance of adhering to import and export regulations.

Transcripts

uh ladies and gentlemen my name is p

imraan today is a g me a great pleasure

to share with you today with some

information about the Import and Export

procedure in the Malaysia Shifting the

environment in the Lively Market of

Malaysia many buyer and seller some

sometimes find thems missing the basic

knowledge required to manage the

complexity of importing and exporting

Goods by knowing the procedure is

essential whether the importing goods

and the raw material from overseas

supplier or exporting good to overseas

Market to th in the global market a

company who want to be successful in the

worldwide Market must understand the

series of crucial step involved in the

negoti in the negotiating the global

Commerce landscap to Embark this

informative Journey let's see the fam

logos of the Malaysian Freight

forwarding company such as Ms Dell FedEx

M and postl in addition let's see into

the journey for Import and Export

procedure to kick a start of the import

or export Journey from Malaysia a

one-time registion procedure is

essential a Trader looking to engage in

the international trade must register

with the company Commission of leure and

this ini initial step successfully

completed company can obtain the

necessary import or export license from

the ministry of interational trade and

Industry which is

me is a key player oversee very aspect

of the international trade productivity

SN industry investment Automotive Hal

industry development Finance institution

and strategic trade the ministry is the

is really important in helping and

controlling how Malaysia Take A Part in

the worldwide

Marketplace to make a trip easier there

is a one online for there's a one online

platform called a daget that handled a

both importing and exporting stuff this

platform help a business work almost

smoothly when they are doing

International Trade making the things

clear and efficient okay next uh let's

see the Royal Mia custom responsible the

Royal Mia custom Department also called

a RMC or jkdm which is a jabatan

customer Malaysia is responsible for

managing of Malaysia indirect tax rules

they look after the coming in in and

going out out of goods which means

Import and Export to enforce a custom

rule at the border and fight against the

drug crimes their important job is to

make sure everyone follow the rules and

keep the trade system fair and honest

now let's talk about the important

document you need when you import the

goods into the country or export de Mar

the Royal Malayan custom Department

mandates the submission of a specific

specific document to facilitate export

and import clearance this document are

very based on the nature of the goods

being a

trade Trader must present a document

such as appeal of leading pack list

certificate of origin custom export or

import decoration and Commercial invoice

for a Goods with a specific

characteristics such as chemical animals

Coral wet Antics and more additional

permission are necessary Traders need to

know and follow this extra rules to make

sure their trade goes well and follow

the

regulation next let's go into the tar

and tax in the terms of a tariff and tax

Malaysian used the harmonious tariff

system for goods coming in and going out

that are not from Asian member State

however for item imported from the and

exported to Asian members asan members

the asan harmonous Tariff Norman culture

ahdn is the main system in

place uh lastly uh by knowing how to

Import and Export things in Malaysia is

really important for Global measures

each part of the process like signing up

of the companies Commission of Malaysia

and following all the rotes is a crucial

it's helped to make sure when you trade

the things internationally everything

goes smoothly and is done by the right

way by understanding and following this

step carefully business can do well in

the global market and make sure

everything is efficient and follow the

rules okay thank you for your attention

byebye