Today, Andalin officially launched a one-stop international trading platform “Andalin Trade”, which allows manufacturers and distributors in different countries in Southeast Asia to buy and sell from each other. In the initial stage, Andalin Trade will cooperate with Singapore, Vietnam and Thailand, which are the three largest economic powers in ASEAN, aside from Indonesia.
The MoU signing between Andalin and the three country representatives took place in a series of G20 events, namely at the Indonesia-Singapore business forum. Andalin was represented by CEO Rifki Pratomo, and accompanied by Dr. T. Chandroo as chairman of the Singapore Indian Chamber of Commerce and Industry; Huynh Dinh Thai Linh as executive director of World Trade Center Binh Duong New City-Becamex IDC; and Monsinee Supina, managing director of N&A Logistics Company Limited Thailand. Other attending guests were Finance Minister Sri Mulyani Indrawati, governor of Indonesian Central Bank Perry Warjiyo, Coordinating Economic Minister Airlangga Hartarto and multiple representatives of the Indonesian government.
The launch of Andalin Trade marks the company’s efforts to expand to relevant business lines, so that Andalin can now become an International Trade Superhub. Initially, Andalin was developed as a freight-forwarder company that facilitated export-import shipments with routes to over 200 cities in the world. After witnessing some industry gap, Andalin now positions itself as a one-stop international trading platform, with a mission to digitize and simplify the process of international trade, cargo shipping, export-import insurance and so on.
“International trade buyers and sellers still heavily rely on manual processes. Both of them also find it difficult to source international commodities. Now with Andalin Trade, they can connect and negotiate directly in a safe, transparent and efficient platform. The competitive advantage of Andalin Trade is that we have a strict selection and verification system, so that all parties who are invited to the platform are assured to have high credibility and a strong track record in export-import businesses. Not only that, the platform has also been integrated with our signature services, such as shipping, insurance, customs clearance and others,” said Andalin CEO, Rifki Pratomo.
To join, users can simply register on the trade.andalin.com website. Users will undergo a verification process to check the legality and track record of the company. Once they pass, users can directly submit a Request for Quotation (RFQ) or participate in a bidding. Andalin also provides a chat feature so that both parties can negotiate until an agreement is in place.
Upon agreement, Andalin Trade users can then complete payments through secure methods, such as Letter of Credit (L/C), Telegraphic Transfer (TT) or escrows. Without switching platforms, users can also rely on Andalin’s cross-border shipping service, custom arrangement, insurance and funding. Suppliers and buyers alike will enjoy the convenience of a more seamless trading experience, thanks to the one-stop Andalin Trade platform.
“In the near future, in addition to serving Singapore, Thailand and Vietnam, Andalin will continue to expand in Southeast Asia. This is because the combined total GDP of ASEAN countries has reached US$3.08 trillion in 2020, which places ASEAN as the fifth largest economic power in the world. When the international trade sector in this region has been properly digitized, we believe that Andalin can play a major role in driving economic growth in ASEAN,” added Rifki.
From February 2021 to December 2021, Andalin has recorded a rapid monthly revenue growth of 690%.
Source from The Jakarta Post
Original News HERE
