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Citi and APJP join forces to streamline Indonesian import-export sector
16 May 2008
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trade finance import export Indonesia Citi
Citi has signed a Memorandum of Understanding (MoU) with the Association of Priority Importing Companies (APJP – Asosiasi Perusahaan Jalur Prioritas). The MoU will serve as the first stage towards streamlining process flows in Indonesia's import-export sector, while also supporting the government's National Single Window trade policy.
Anand Pande, managing director, head of global transaction services, Citi Markets & Banking Indonesia comments: "This agreement gives Citi the opportunity to leverage our global experience and bring similar work being done in the other parts of the world where we operate to Indonesia."
"We also plan to work with APJP and the relevant government departments to further develop and optimise the use of our existing internet information, payment and settlement platforms, which have been recently launched in Indonesia to enhance...
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