TOKYO, Oct 08 (News On Japan) - Japan and Indonesia have signed an agreement aimed at facilitating trade by simplifying customs procedures. Under the deal, both countries will apply the Authorized Economic Operator (AEO) system to companies that are officially recognized as trustworthy by customs authorities.
Japan has now concluded similar agreements with 15 countries. The arrangement is expected to streamline customs clearance and invigorate logistics and business exchanges between the two nations.
The Japanese government signed the agreement with Indonesia on October 8th, granting AEO certification to companies that have demonstrated reliable security and compliance systems. The certification allows such companies to undergo faster and more efficient import and export procedures.
Japan has already implemented this system with 14 other countries. The Ministry of Finance, which oversees customs, said the agreement will enable cargo inspections during import and export to proceed more quickly.
Indonesia and Japan are among each other’s key trading partners, and the government expects that the new framework will further strengthen bilateral economic ties while supporting smoother logistics and business operations between the two countries.
Source: Television OSAKA NEWS