UPS and Shenzhen Customs Sign MOU that Enables 24/7 Customs Clearance at Hub
Shenzhen, China, July 30, 2009 - UPS (NYSE:UPS) and the
Shenzhen Customs authority signed a memorandum of understanding (MOU) today to
seal the terms of their partnership at the soon-to-be-completed UPS intra-Asia
hub. Located at China's Shenzhen International Airport, the hub will not only
serve as a gateway for UPS customers to easily access markets in the region, but
will also be a major boost to the development of the air freight industry in the
special economic zone. The MOU was signed by Wu Qiang, Director, Shenzhen
Airport Customs and K.M. Liu, Senior Vice President, Transportation Group,
UPS Asia Pacific Region in the presence of Zhang Siping, Vice Mayor of
Shenzhen.
"We believe the new hub will greatly boost export developments in the Pearl
River Delta region and increase the total volume of freight transportation and
employment level," said Shi Fushen, Deputy Director General, Shenzhen
Customs Provincial HQ. "As the UPS hub will play a significant role in
the economic development of the region, we believe it will also boost the
development of Shenzhen's air freight industry. We will fully support UPS's
development in Shenzhen."
Through the MOU, Shenzhen Customs will offer a full suite of customs services
at the UPS intra-Asia hub. It will support the setting up of a bonded warehouse.
UPS and Shenzhen Customs will also jointly develop a risk management system to
enhance and increase the efficiency of customs clearance processes while
ensuring rigorous supervision.
Apart from the customs operations at the hub, the MOU also enables express
cross-border clearance at the Hong Kong/Shenzhen highway port for UPS vehicles
heading towards or exiting the hub. This will help reduce traveling time and
cost when connecting with the Hong Kong airport.
"China remains UPS's number one priority in our international business
strategy, and we believe the Pearl River Delta holds enormous economic
opportunities as it develops further," said K.M. Liu. "We are extremely grateful
to Shenzhen Customs for their support and cooperation and look forward to
working with them."
Recognized as one of the key construction projects by the Shenzhen
government, the UPS Shenzhen Intra-Asia hub has been given priority by Shenzhen
Customs. A working team has been set up by Shenzhen Customs to support the hub's
development in the area of customs clearance. Both parties have worked closely
in the planning and construction phases of the project. The close working
relationship has contributed greatly to the progress of the hub.
The UPS Shenzhen Intra-Asia Hub which broke ground on October 24, 2008 is
built at a cost of US$180 million (RMB1.24 billion) and will initially employ
more than 400 people. When completed, the UPS intra-Asia hub will have a bonded
warehouse with round-the-clock customs facilities seven days a week to handle
international cargo and express shipments. This feature will benefit enterprises
in the Pearl River Delta region by giving them the advantage of speedy customs
clearance, especially for critical service parts of a manufacturing process. In
addition, the strategic location of UPS's Shenzhen Intra-Asia Hub will enable
shorter transit time between burgeoning Asian trade lanes. The hub will operate
with a sorting capacity of 18,000 items per hour which is expandable to 36,000
items per hour.
Photo Caption I:
K.M. Liu, Senior Vice President,
Transportation Group, UPS Asia Pacific Region signs the customs cooperation MOU
for the new UPS intra-Asia hub at Shenzhen International Airport with Wu Qiang,
Director, Shenzhen Airport Customs.
Photo Caption II:
The UPS intra-Asia hub is being built
on a 89,000-square-metre piece of land and will include a 150,000-square-metre
ramp provided by Shenzhen Airport for ramp handling operations, an express
customs handling unit, sorting facilities, and cargo handling areas.
About UPS
UPS is the world's largest package delivery
company and a global leader in supply chain and freight services, offering an
extensive range of options for synchronizing the movement of goods, information
and funds. Headquartered in Atlanta, USA, UPS serves more than 200 countries and
territories worldwide. UPS's stock trades on the New York Stock Exchange (UPS)
and the company can be found on the Web at www.UPS.com. To get UPS news direct, visit www.pressroom.ups.com.
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