The Banking Commission of the International Chamber of Commerce (ICC), in collaboration with the International Chamber of Commerce Indonesia, is
please to invite you to the ICC Banking Annual Meeting that will be held in Jakarta, Indonesia, 3-6 April 2017.
With more than 600 members in over 100 countries, the ICC Banking Commission has established itself as the pre-eminent global forum for trade finance. Based on input from and consultations with members across the countries, the Commission produces universally accepted rules and guidelines that govern international banking practice for trade finance. This meeting, which brings together trade experts, banking professionals, business leaders, lawyers and government officials from across the world, provides a unique platform for the exchange of ideas and discourse on the opportunities and challenges facing both the business and the banking community.
As a reputable and globally recognized trade hub that has invested significantly in trade infrastructure and associated services, Indonesia provides the ideal venue for this international gathering. Trade finance, as the backbone that supports the global movement of goods, is poised to play an increasingly important role as international trade becomes a dominant driver of cross border funds flow. This is also underscored by the continued growth of Indonesia both as an importer and exporter.
Alongside these macro market developments is also a whole range of other issues which will need to be addressed to ensure the healthy development of the industry, such as cross border money laundering, terrorism financing, weapons of mass destruction, trade fraud, tax evasion and other irregularities which require prudential measures from the authorities and vigilance from the private sector. Unfortunately these necessary measures increase compliance costs, so efficient and reliable standardized practices that mitigate the cross border risks are essential. On the other hand, the increasing acceptance of Islamic Finance and the gradual international consensus on removing trade barriers will create new opportunities for all industry participants.
Over the four days, the meeting will be a timely gathering of experts from all around the world to address these and many other areas that are expected to take the Centre stage in the future development of the international trade finance industry. In addition to the formal sessions, this meeting will also be a valuable platform for informal dialogue among the fellow delegates and experts to share ideas and insights and do networking. We look forward to welcoming you in Indonesia.
ILHAM A. HABIBIE
CHAIR, ICC INDONESIA