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. “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.