OUR VISION – DIGITALISING TRADE

 

HAKOVO is a digital platform simplifying cross-border trade. We connect the world digitally into ASEAN. And closely collaborate with the ASEAN Single Window and National Single Windows.

The objective is to simplify IMPORT CUSTOMS Declarations and Compliance. We also provide inland transportation services as a digital forwarder and an eMarketplace for International sea freight. We do this because global businesses believe further ASEAN economic integration will be important to their businesses.

In a 2019 survey by the EU-ASEAN Business Council, businesses highlighted that they still faced critical issues importing into ASEAN:

  • Only 12% felt that ASEAN has achieved its aim of a “single market and production base”;
  • 54% felt that the ASEAN Economic Community (AEC) process was too slow;
  • Only 42% felt that ASEAN economic integration had made a positive impact on their businesses; and
  • 67% felt not satisfied with the import processes into ASEAN.

 

There were just too many barriers in terms of cross border management such as customs clearance, regulations, traditional document management and processes. But, as mentioned earlier, the same survey stated 85% believed further ASEAN economic integration will be important to their businesses.

Read more of how HAKOVO can enable that via our solutions here.

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