Jakarta, Indonesia, July 4, 2013 - (ANTARA) - Following the success of the first ASEI - NEXI seminar in June 2012, NEXI and ASEI, with support from JETRO (Japan External Trade Organization), the Jakarta Japan Club and the Embassy of Japan, organized a Trade Credit Insurance seminar for Japanese affiliated companies at the Ritz-Carlton in Jakarta on July 2.
With continuing development of economic relations between Japan and Indonesia, ASEI and NEXI, as state-owned Export Credit Agencies, have taken an active role in improving the trade climate for Japanese companies through the ASEI - NEXI Export Credit Insurance and Domestic Credit Insurance programs.
Both programs provide protection and alleviation of risk for Japanese affiliated companies in Indonesia in transacting with importers / buyers / customers on export and domestic trade transactions. The Export Credit Insurance program in particular provides risk mitigation for Japanese companies in Indonesia in an effort to encourage transactions with new buyers and customers.
With this insurance program, through a cooperative agreement between ASEI and NEXI, NEXI provides reinsurance for transactions covered by ASEI, so Japanese companies operating in Indonesia will become able to engage in larger transactions by using ASEIs insurance.
The ASEI - NEXI cooperation, which was first approved in 2009 for Export Credit Insurance and later expanded in 2012 for Domestic Credit Insurance, has given its own competitive advantage to ASEI as an insurer which is known and trusted by Japanese companies in Indonesia.
Since the first seminar last year, ASEI has seen interest for insurance coverage from many large Japanese companies in Indonesia. Further, NEXI has confirmed that of all cooperation agreements between NEXI and other Export Credit Agencies in Asia, interest from Japanese companies in the Indonesian program is the strongest.
The majority of participants in the second seminar were Japanese companies that did not participate in the first seminar last year. Noting this, ASEI and NEXI are planning to hold an annual seminar towards continuing education on the importance of Trade Credit Insurance.
Taking advantage of the good economic relations between Japan and Indonesia, ASEI and NEXI, as state-owned Export Credit Agencies, believe that their joint insurance programs will contribute the trade climate for Japanese companies in Indonesia.
About NEXI
Nippon Export and Investment Insurance (NEXI) was formed in 2001 under the jurisdiction of the Japanese Ministry of Economy, Trade and Industry (METI). It provides trade and investment insurance services to facilitate and enhance Japanese companies' international business by covering risks which arise in foreign transactions and which are not covered by commercial insurance. For more information, please visit www.nexi.go.jp.
About ASEI
PT. Asuransi Ekspor Indonesia (Persero), or ASEI, was established in 1985 by the Government of Indonesia to encourage non-oil exports. ASEI specializes in payment default risk borne by exporters and banks, either export credit repayments from banks to exporters (export credit insurance) or export transaction payments from overseas importers to exporters (export insurance). ASEI continues to diversify its products in Export Credit Insurance, Credit Insurance/Guarantees, and General Insurance in order to support client business and meet the ever-developing demand of global markets. For more information, please visit www.asei.co.id.
Contact:
PT. ASEI
Anita Dewi Hutagalung
Public Relation Manager
Tel: +62-812-936-0133
Email: anita@asei.co.id
JETRO SINGAPORE
Tatsuo SATO
Head of Singapore Office
Chief Representative for Asia and Oceania
Tel: +65-6429-9582
Fax: +65-6220-7242
Email: t_sato@pacific.net.sg
Editor: PR Wire
Copyright © ANTARA 2013
