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Federal Express Corporation, commonly known as FedEx, has entered into a Memorandum of Understanding (MOU) with the Hong Kong Customs and Excise Department (C&ED). This agreement pertains to the Cross-boundary Express Cargo Clearance Facilitation Arrangement (CEFA), aimed at improving customs clearance efficiency for shipments from mainland China to Hong Kong. FedEx is the first company to participate in this initiative.
The MOU stipulates that C&ED will handle customs clearance at one of FedEx's stations in downtown Hong Kong for inbound shipments from mainland China. These shipments are transported via FedEx cross-border trucks equipped with electronic locks and GPS, originating from the company's APAC Hub in Guangzhou.
Joining CEFA allows FedEx to benefit from more efficient customs clearance processes. Shipments delivered through its flight network at the APAC Hub will be sent directly to FedEx stations instead of undergoing inspection at Shenzhen Bay Control Point. Constrained shipments will be sorted and examined by C&ED at a designated area within one of these stations.
