Malaysia is set to kickstart the implementation of the Asean Framework Agreement on the Facilitation of Goods in Transit (AFAFGIT) from January 1, with a focus on logistics firms, according to Transport Minister Anthony Loke. The initiative will commence with the issuance of Asean Goods Vehicle Cross Border (AGVCB) permits to qualifying logistics companies.
The AGVCB permits are designed to streamline cross-border operations, enabling holders to navigate land borders in Malaysia, Vietnam, Thailand, Laos, Cambodia, and Singapore using a single document. This move aligns with the AFAFGIT, facilitating smoother transit processes and enhancing regional trade efficiency.
Minister Loke emphasized that, in accordance with AFAFGIT, domestic competent authorities within Asean countries have the authority to issue up to 500 AGVCB permits, subject to agreed-upon terms and conditions. For Malaysia, the Land Public Transport Agency (APAD) will serve as the issuing authority for these permits.
The implementation of AFAFGIT aims to foster greater collaboration and efficiency in goods transit across Asean nations. By adopting a standardized approach with AGVCB permits, Malaysia looks to streamline logistics processes.
This strategic initiative is anticipated to bring tangible benefits to logistics companies engaged in cross-border operations, enhancing their ability to navigate and conduct business efficiently across Asean member countries. As Malaysia takes a lead in implementing AFAFGIT, it signals a commitment to regional cooperation and trade facilitation, promoting a more connected and dynamic Asean economic landscape.
