FedEx Calls For Global Customs Reform

Aug. 4, 2005
Speaking at the location of its newest Asia-Pacific hub, Frederick W. Smith, CEO of FedEx Corp. called on China to help ease global trade. "It's not just tariffs that deter global trade, it's Government bureaucracy too," he said addressing business ...

Speaking at the location of its newest Asia-Pacific hub, Frederick W. Smith, CEO of FedEx Corp. called on China to help ease global trade. "It's not just tariffs that deter global trade, it's Government bureaucracy too," he said addressing business leaders and government officials at Zhongshan University in Guangzhou, China earlier this month.

Though pleased with recent reforms China had made in its customs' procedures, citing the abolition of 1,800 approval requirements, he called for further reform. "Complex customs procedures; lengthy clearance times; a lack of warehouse capacity and an inadequate transportation infrastructure all conspire to inhibit commerce, large-scale foreign investment, economic stability and prosperity," said Smith.

Looking across the world stage, Smith called for simpler trade, "I hope that soon, national borders will cease to be a barrier to trade, commerce and communications."

Fedex Corp.

Interested in information related to this topic? Subscribe to our weekly Value Chain eNewsletter.

Popular Sponsored Recommendations

Global Supply Chain Readiness Report: The Pandemic and Beyond

Sept. 23, 2022
Jabil and IndustryWeek look into how manufacturers are responding to supply chain woes.

Empowering the Modern Workforce: The Power of Connected Worker Technologies

March 1, 2024
Explore real-world strategies to boost worker safety, collaboration, training, and productivity in manufacturing. Emphasizing Industry 4.0, we'll discuss digitalization and automation...

How Manufacturers Can Optimize Operations with Weather Intelligence

Nov. 2, 2023
The bad news? Severe weather has emerged as one of the biggest threats to continuity and safety in manufacturing. The good news? The intelligence solutions that build weather ...

How Organizations Connect and Engage with Frontline Workers

June 14, 2023
Nearly 80% of the 2.7 billion workers across manufacturing, construction, healthcare, transportation, agriculture, hospitality, and education are frontline. Learn best practices...

Voice your opinion!

To join the conversation, and become an exclusive member of IndustryWeek, create an account today!