The Prospect of Hong Kong's Freight Industry

1370 Words6 Pages
Introduction 1. Background of Hong Kong 2. Model of Hong Kong freight industry 3. The benefits of Hong Kong 4. The drawbacks of Hong Kong 5. Recommendation and future expectation 6. Conclusion Background of Hong Kong Hong Kong, located in the People Republic of China, maintains one of the busiest freight industries in the world, largely in terms of air, rail and sea freight transporting services. While the area maintains significant cargo transport via rail and road, the two significant areas of freight movement in which Hong Kong continues to excel are its air freight industry and its sea freight industry. The city-state of Hong Kong, located in prime position on Chinas south coast enclosed by the Pearl River Delta and South China Sea, allows extensive sea freight to pass through the waters of its naturally-deep harbor, maintaining Chinas busy sea freight industry. Additionally, in 2010, Hong Kong International Airport became the world’s busiest air cargo terminal and is expected to continue its growth in freight transport in the years to come (PRLOG, 2011, P.1) Hong Kong is a free port which thrives on free trade. Its open door policy has enabled it to become one of the world's largest trading economies and an international financial and commercial centre serving the Asia-Pacific region and the Mainland of China. Model of Hong Kong freight industry The model of Hong Kong freight industry is mainly on freight forwarding services which is the services of any kind relating to the carriage, consolidation, storage, handling, packing or distribution of the goods as well as ancillary and advisory services in connection therewith, including but not limited to customs and fiscal matters, declaring the goods for official purposes, procuring insurance of the goods and collecting or procuring payment or documents relating to the goods. More
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