China's first sea-air intermodal transshipment arrangement directly connecting a logistics park to an airport's airside, the Dongguan-Hong Kong International Airport Logistics Park, has handled the shipment of goods worth more than 23 billion yuan since it was launched two years ago, announced Huangpu Customs on Friday.
The Logistics Park has promoted complementary advantages and seamless logistics connectivity within the Guangdong-Hong Kong-Macao Greater Bay Area since it went into operation on April 18, 2023.
In the past few days, a shipment of rail screw machines completed customs clearance, aviation security checks, and palletizing at the Logistics Park before being shipped by sea to Hong Kong International Airport, from where it was flown directly to Southeast Asia.
"The Logistics Park can help companies save up to 30 percent of total logistics costs. Right now, from the moment goods are handed over to the Logistics Park to the time they're loaded on a plane, the whole process can be completed within14 hours at best. Once dedicated high-speed cargo vessels are in operation, logistics time can be further reduced by another two or three hours," said Wen Yuanyun, vice president of Dongguan Port Air Freight Supply Chain Co., Ltd.
The Logistics Park connects regulations and systems between Guangdong Province, in which the city of Dongguan is located, and the Hong Kong Special Administrative Region, extending key cargo handling functions of Hong Kong International Airport into Dongguan, which enables direct air cargo export loading and import unloading. "Besides local Dongguan companies, companies in Guangzhou, Shenzhen, and Foshan have also come to us to ship their goods out through the center. This year we've been handling and palletizing about 1,000 tons of cargo each month. That's a tenfold increase of business volume from two years ago, and our clients have more than quadrupled," said Li Zheyan, vice president of Dongguan Jinming International Freight Forwarding Co., Ltd.
Currently, the Logistics Park handles over 1,000 types of goods with a shipment capacity of 24,000 tons, accelerating global access for manufacturers across the Greater Bay Area.
Dongguan-HK airport park handles 23 bln yuan of goods
China and the European Union (EU) have agreed that it is necessary to provide general guidance on price undertakings for Chinese exporters of passenger battery electric vehicles to the EU, China's commerce ministry said on Monday.
The move aims to address relevant concerns in a more practical, targeted, and consistent manner with World Trade Organization (WTO) rules, according to the Ministry of Commerce in a statement.
Accordingly, the European Commission will issue a Guidance Document on Submission of Price Undertaking Offers. In the document, the EU confirms that it will assess each undertaking application under the same legal criteria, in accordance with the principle of non-discrimination and relevant WTO rules, in an objective and fair manner.
The progress fully reflects the spirit of dialogue and the outcomes of consultations between China and the EU. It shows that both China and the EU have the ability and willingness to properly resolve differences through dialogue and consultation within the framework of WTO rules, thereby maintaining the stability of automotive industrial and supply chains in China, the EU, and the whole world. This is conducive not only to ensuring the healthy development of China-EU economic and trade relations, but also to safeguarding the rules-based international trade order, the statement said.
On the same day, the China Chamber of Commerce for Import and Export of Machinery and Electronic Products (CCCME) also issued a statement welcoming the positive outcome of the consultations.
The CCCME noted that eligible Chinese EV makers may now submit price undertaking applications in accordance with the EU's guidance, and the European Commission has pledged to review all applications objectively, fairly, and under uniform standards.
The proper settlement of this case meets the shared expectations of industries along the EV supply chain in both China and Europe. It will help ensure the security and stability of related industrial and supply chains and safeguard the broader China-EU economic and trade relationship, the CCCME said.
The chamber expressed appreciation for the substantial efforts made by China's Ministry of Commerce in defending the interests of the domestic industry. It also pledged to encourage and support relevant Chinese enterprises in making full use of the consultation outcomes to protect their interests in exporting to the EU and promote healthy cooperation between the industries of both sides.
China, EU agree on price undertaking guidance for Chinese electric vehicle exporters: commerce ministry
