The importance of logistics industry was acknowledged by the government with the launching of Logistics and Trade Facilitation Masterplan in Mac 2015. It aim to provide the strategic direction for the development of the logistics industry to further improve its productivity and competitiveness with the vision to become “The Preferred Logistics Gateway to Asia”. The Masterplan outlines 5 strategic shifts and 21 action items to be implemented.
Executive Summary Logistics and Trade Facilitation Masterplan
The logistics industry is the backbone to the supply chain and it is recognised as a key to stimulate trade, facilitate business and spur economic growth. In cognisance of Malaysia potential in this industry, Economic Planning Unit (EPU) developed the Logistics and Trade Facilitation Masterpan to provide the strategic direction for the development of the logistics industry to further improve its productivity and competitiveness.
A total of 21 action plans for the strategic direction is to be implemented to improve overall productivity to a better connect industries with their markets, both locally and internationally.
These action plans are well planned to overcome barriers in the industry, stimulating domestic economic development and strengthen Malaysia's position in the Asian region .