The General Administration of Customs of China and Hong Kong Customs have launched the "Single Submission for Dual Declaration" Scheme, allowing enterprises to complete customs declarations for both regions with a single submission of road cargo information. Initially trialed with three companies at specific border control points, the scheme enhances accuracy, saves time, and reduces costs for customs declarations. Future plans include extending the scheme to cover cargo exported from Hong Kong to the Mainland for comprehensive road cargo clearance.
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EXTRANS GLOBAL - Weekly Logistics Operation Update - Week 49
📌Weekly Logistics Highlights:
The news highlights this week include: The second phase of the largest railway logistics center in Shenzhen has begun construction, Vietnam's logistics sector aims for double-digit growth by 2025, and the U.S. has approved the acquisition of Asiana Airlines by Korean Air...
Hong Kong, China
🔹Launch of Mainland-Hong Kong Single Submission Scheme Streamlines Customs Declarations
Shenzhen, China
🔹Construction Begins on Phase Two of Shenzhen's Largest Railway Logistics Center
On November 27, construction began on the second phase of the Shenzhen International Comprehensive Logistics Hub, which is the largest single-unit railway logistics center in China. Covering an area of 1,350 acres with a total investment of 9.039 billion yuan, the project aims to create a multifunctional smart logistics park above a traditional railway freight station. Once completed, it will enhance the efficiency of the China-Europe Railway Express and support Shenzhen's goal of becoming a global logistics hub, integrating rail and urban logistics services.
Guangzhou, China
🔹Guangzhou Encourages E-Commerce Innovation With Emerging Technologies
The Guangzhou Municipal Commerce Bureau has released a draft to promote high-quality development in the e-commerce sector, encouraging companies to integrate innovative technologies like 5G, AI, and blockchain to enhance the digital consumer experience. The initiative aims to facilitate the development of software systems for product selection and marketing, driving e-commerce businesses toward digitalization and improved competitiveness. Additionally, it supports eligible companies in applying for recognition as national high-tech enterprises, aligning with a broader strategy to advance technological progress in Guangzhou's e-commerce industry.
Shanghai, China
🔹Shanghai pushes integrated development in YRD region
The Yangtze River Delta has become increasingly significant in China's economic and social development since the implementation of a national integration strategy in 2018. In 2023, the region's economic output accounted for 24.4% of China's GDP, with a 5.4% growth in the first three quarters of the year. The area has seen improvements in logistics efficiency, market coordination, and environmental governance, leading to enhanced innovation capabilities and air quality. Plans for further integrated development include strengthening regional cooperation and boosting scientific and technological advancements.
Tianjin, China
🔹Tianjin Postal Service has completed the 'three stations and three lines' for passenger and cargo mail ahead of schedule
Qingdao, China
🔹FedEx increases international cargo flight frequency from Qingdao to the United States
FedEx has announced the increase of international cargo flight frequency from Qingdao to the United States and the opening of the Qingdao International Port Operations Center to enhance its logistics network in China. This new route will improve transportation efficiency, shorten export times, and provide more flexible services for customers in the Shandong region.
Vietnam
🔹Vietnam’s logistics sector seeks double-digit growth in 2025
Prime Minister Pham Minh Chinh stated that Vietnam aims to enhance its logistics infrastructure to achieve double-digit growth in the logistics sector next year. Speaking at the Vietnam Logistics Forum 2024, he emphasized the need to reduce logistics costs from 18% to 15% of GDP by 2025, while increasing logistics value from 10% to 15% of GDP. He highlighted the importance of logistics in national development, advocating for smart governance, logistics diplomacy, and improved connectivity among various transport modes to bolster Vietnam's position in the global logistics market.
South Korea
🔹US approves Korean takeover of Asiana
The U.S. has approved Korean Air's acquisition of Asiana Airlines, marking the final regulatory clearance for the deal. The U.S. Department of Justice indicated that it would not file a monopoly lawsuit, effectively granting approval. This follows the European Commission's earlier confirmation of the acquisition, contingent on Korean Air divesting Asiana's cargo business to address competition concerns. The sale, valued at approximately $342 million, was agreed upon with Air Incheon, allowing Korean Air to proceed with the acquisition initially proposed in November 2020.
America
🔹Houthis attack US cargo ships
The U.S. military reported that its warships successfully defended three U.S.-flagged merchant ships from Houthi militia attacks in the Gulf of Aden from November 30 to December 1. Destroyers USS Stockdale and USS O’Kane intercepted various Houthi-launched weapons, ensuring the safety of the vessels and their crews. The Houthis claimed their strikes targeted ships allegedly supporting the U.S. military, amidst rising tensions related to the ongoing conflict in Syria and the strategic importance of the Gulf of Aden as a key trade route.
Bangladesh
🔹Bangladesh-Pakistan direct flights to begin soon
Bangladesh's Deputy High Commissioner in Karachi, SM Mahbubul Alam, announced that direct flights between Pakistan and Bangladesh will soon begin, enhancing ties between the two nations and their business communities. He also mentioned plans for an exhibition for importers and exporters in Hyderabad, as well as an invitation for participation in the Annual Trade Exhibition in Dhaka in January 2025, with streamlined visa processes to facilitate attendance. Alam highlighted the need for stronger trade relations, noting Bangladesh's significant exports and the progress made in trade ties, including the first direct cargo shipment from Pakistan to Bangladesh. HCSTSI President Muhammad Saleem Memon emphasized the importance of collaboration and suggested establishing a direct trade line to improve efficiency.
Myanmar
🔹Thailand PM protests Myanmar's navy firing at Thai fishing boats
Thailand has protested after Myanmar's navy fired on Thai fishing vessels, resulting in one fisherman drowning, two injuries, and dozens of detentions. Prime Minister Paetongtarn Shinawatra challenged Myanmar's claims that the boats had intruded into its territorial waters, while the Thai defense ministry reported that two of 15 fishing vessels were attacked when they were 4-5.7 nautical miles inside Myanmar's waters near Ranong.
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