Alibaba Signs Trade Deal With Malaysia

Alibaba has signed a deal to ease the trade and shipping of goods between China and nearby Malaysia. The deal will primarily assist in the creation of an improved infrastructure, which would involve the formation of a fulfilment centre. Discussions have also been held between Alibaba and the Malaysian government, according to Alibaba's chief executive Daniel Zhang, who said that the aim was to ensure better trade terms for participants in the trade deal. The deal makes it clear that Alibaba is looking to create a borderless global trade environment, easing the way in which small and medium sized businesses can trade internationally. The move comes some months after Alibaba's founder Jack Ma said that enabling global trade was the way forward for retailers around the world. Malaysia is the first country to sign such a deal, that would bring benefits such as low import duties and faster customs clearance, and a second country is expected to follow soon.