MALAYSIAN COMPANIES NEED TO MASTER INDONESIAN IMPORT, EXPORT PROCEDURES FOR SMOOTH TRADING

By Mohd Iswandi Kasan Anuar

JAKARTA, March 6 (Bernama) -- The Royal Malaysian Customs Department has stressed the need for Malaysian companies to grasp the latest Indonesian import and export procedures for smoother trading activities.

Customs Advisor at the Malaysian Embassy in Jakarta, Ahmad Talib, highlighted how knowing these procedures could save costs by avoiding fines and delays in customs clearance.

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Speaking at the first Import and Export Customs Procedures seminar held at the Malaysian Embassy today, Ahmad said familiarity with these procedures would ease entry point confusion and assured readiness to assist companies in connecting with Indonesian Customs or related ministries.

The Malaysian Embassy jointly organised the seminar together with the Ministry of Investment, Trade and Industry (MITI), the Malaysia External Trade Development Corporation (MATRADE) and the Royal Malaysian Customs Department.

Three speakers from the Directorate General of Customs and Excise were invited to the seminar to present on various topics relating to trade and customs procedures.

Also present at the seminar were the Malaysian Ambassador to Indonesia, Datuk Syed Md Hasrin Tengku Hussin, and the new Consul General at the Consulate General of Malaysia in Medan, Shahril Nizam Abdul Malek.

In his speech, Syed Md Hasrin highlighted the importance of bi-annual seminars planned for this year that are aimed at helping companies understand export and import documentation and restrictions.

He also stressed the significance of bilateral trade between the two countries, which amounted to US$24.39 billion (US$1=RM4.73) in 2023, where Malaysia exported US$11.16 billion worth of goods and imported US$13.23 billion.

Syed Md Hasrin added that Malaysia's top exports to Indonesia were petroleum products, valued at US$4.27 billion, while imports were led by other mining commodities, valued at US$3.09 billion.

-- BERNAMA