Import Export


CAINIAO: 700 CHARTERED FLIGHTS TO DELIVER 90 % OF CROSS-BORDER PARCELS DURING 11.11 SHOPPING FESTIVAL

CAINIAO: 700 CHARTERED FLIGHTS TO DELIVER 90 % OF CROSS-BORDER PARCELS DURING 11.11 SHOPPING FESTIVAL

22nd October 2020 –  Cainiao Smart Logistics Network, the logistics arm of Alibaba Group Holding Limited, has announced a series of initiatives to ramp up its global logistics infrastructure, in anticipation of explosive growth in e-commerce parcel volume during the upcoming 11.11 shopping festival. This year, Cainiao plans to operate over 700 chartered flights to deliver 90 % of its parcels outside China during 11.11. The smart logistics company estimates that...

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Botched digital customs clearance no help to congestion-hit trade in India

Botched digital customs clearance no help to congestion-hit trade in India

21st October 2020 – A botched digitalisation programme has caused long customs clearance delays in India, exacerbating the country’s container shortage crisis. The ‘faceless assessment’ initiative has been rolled out at ports across India since June, to implement contactless and paperless customs clearance. However, according to the Mundra Custom Brokers’ Association (MCBA), clearance times have increased since the launch, with importers and exporters facing numerous “hidden costs”. “Faceless assessment...

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Guangzhou released measures to promote the high-quality development of cross-border e-commerce

Guangzhou released measures to promote the high-quality development of cross-border e-commerce

21st October 2020 – Guangzhou has historically been one of China’s leading foreign trade centres. Even in the e-commerce era, Guangzhou still retains certain trading advantages. From January to July 2020, the volume of import and export passing through the customs cross-border e-commerce management platform in Guangzhou reached RMB 20.87 billion, ranking first in the country, with a year-on-year growth of 1.83%. Guangzhou is taking steps to further improve...

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Egypt: Sisi Orders Shortening Customs Clearance Time, Simplifying Procedures

Egypt: Sisi Orders Shortening Customs Clearance Time, Simplifying Procedures

7th October 2020 – Sisi orders shortening customs clearance time, simplifying procedures President Abdel Fattah El Sisi has ordered the customs development strategy to be focusing on the governance of Egypt’s exports and imports, in addition to simplifying customs clearance procedures and shortening their time. Sisi issued his directives on Tuesday 6/10/2020 at a meeting with Prime Minister Mostafa Madbouli and Finance Minister Mohamed Maait. The meeting tackled a...

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What is Customs Clearance? 10 Frequently Asked Questions

What is Customs Clearance? 10 Frequently Asked Questions

6th August 2020 – If you are a business involved in importing and exporting goods, you’ve probably been very familiar with the term Customs Clearance, as customs plays an important role in cross-border trade. For those who are just beginning to dip their toe into import-export business, it is a new concept and presents real challenges for small businesses due to its complexities. So, what is customs clearance? In...

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