FedEx (FDX.US) announced that it signed a memorandum of understanding for the "Cross-Border Express Clearance Facilitation Arrangement" (CEFA) with Hong Kong Customs yesterday (12th) and became the first company to join the agreement, expecting to benefit from a stable and efficient clearance process.

CEFA aims to enhance the clearance efficiency of cross-border goods from the Chinese mainland to Hong Kong. According to the memorandum of understanding, Hong Kong Customs will provide clearance services for imported goods arriving from the Chinese mainland at one of FedEx's service stations in the urban area of Hong Kong. Arrangements will be made for imported goods currently being delivered to Hong Kong via FedEx's Guangzhou Asia-Pacific Transit Center, using FedEx cross-border trucks equipped with electronic locks (e-lock) and global positioning systems (GPS) for transportation.

FedEx's Managing Director for Hong Kong and Macau, Liang Ming-Tian, stated that the company currently operates over 200 cross-border trucks weekly between Hong Kong and the Guangzhou Asia-Pacific Transit Center. It is expected that this cooperation will enhance clearance efficiency for imports from the Asia-Pacific region and Europe, supporting local e-commerce customers importing goods from these markets.