Yesterday marked the signing of a Memorandum of Understanding (MoU) for a European pilot project in cross-border e-commerce logistics services in Luxembourg, involving Chinese group Henan Imported Materials Public Bonded Centre.
On 10 July 2018, the Luxembourg Ministry of the Economy and the Chinese company Henan Imported Materials Public Bonded Centre signed the MoU for this pilot project in the field of logistics, on the occasion of the visit to the Grand Duchy of the general secretary of the Chinese Communist Party of Henan Province in China, Wang Guosheng.
Cross-border e-commerce in China is growing rapidly and is becoming increasingly important in international trade in goods. Cross-border e-commerce needs to be based on fair and transparent processes in order to facilitate trade while ensuring safety and security throughout the supply chain, so the aim of this pilot project is to set up a sustainable solution for the European market, taking into account developments in the European legislative framework for cross-border e-commerce.
Currently, the Henan Imported Materials Public Bonded Centre in China manages a logistics centre in Zhengzhou that provides e-commerce stakeholders with integrated logistics solutions including warehousing, customs clearance and parcel delivery, among other things, under the supervision of the Chinese customs via a computer system. Wishing to rely on the new air route between Zhengzhou and Luxembourg operated by Cargolux, the Chinese group now wants to set up in Luxembourg a similar model appropriate for the European market in collaboration with logistics players established in Luxembourg.
Deputy Prime Minister and Minister of the Economy Étienne Schneider said: "This project is part of the development of cross-border e-commerce which represents a challenge as well as a great opportunity for international trade. The implementation of such logistics solutions specifically for cross-border e-commerce is in line with the Grand Duchy's strategy for the development of high value-added logistics services responding to international trade developments."