U-Freight Welcomes Luxor Resolution on Ecommerce - Global Trade Magazine
  February 6th, 2018 | Written by

U-Freight Welcomes Luxor Resolution on Ecommerce

Sharelines

  • Luxor Resolution on crossborder ecommerce will help shape this rapidly evolving sector of global trade.
  • Luxor Resolution outlines the guiding principles and addresses critical aspects of crossborder ecommerce.
  • Helping stakeholders in the crossborder ecommerce supply chain respond to current and emerging challenges.

The U-Freight Group (UFL), with its considerable involvement in ecommerce logistics, has welcomed the recently-signed Luxor Resolution on crossborder ecommerce and believes it will help shape this rapidly evolving sector of global trade.

The Luxor Resolution was adopted by the World Customs Organization Policy Commission (PC) in December 2017. The resolution outlines the guiding principles and addresses eight critical aspects of crossborder ecommerce: advance electronic data and risk management, facilitation and simplification, safety and security; revenue collection, measurement and analysis, partnerships, public awareness, outreach and capacity building, and legislative frameworks.

“These issues are fundamental to helping Customs and other government agencies, businesses, and other stakeholders in the crossborder ecommerce supply chain to understand, coordinate and better respond to the current and emerging challenges,” said Simon Wong, CEO of the UFL Group.

For some time, U-Freight has been showing its commitment to addressing the issues enshrined in the Luxor Resolution during the development of its logistics services for the ecommerce market.

In respect of crossborder ecommerce in China, the company has already been qualified by China Customs and CIQ as a licensed Crossborder Ecommerce Enterprise, as well as a Crossborder Ecommerce Logistics Service Provider.

In regards to advance electronic data and risk management, U-Freight has a system that can connect ecommerce/e-shop platforms with relevant customs authorities and also delivers data transparency.

In the area of outreach and capacity building, U-Freight has committed to investing in developments at a number of its warehouses around the world to better equip them to handle the logistics associated with the ever-growing global ecommerce business.

“The exponential growth of ecommerce,” said Wong, “in particular new trade patterns including the growth in direct business-to-customer and even consumer to consumer transactions and an increased role of consumers in individual transactions, is presenting several challenges to governments and businesses alike, in terms of trade facilitation, safety and security, society protection, and accurate and efficient collection of duties and taxes. In our development of e-commerce logistics solutions, we are continually trying to address the key issues stemming from increasing volumes of mainly B2C ecommerce shipments and the time sensitivity thereof, which pose unique challenges to all e-commerce stakeholders under the current conditions.”

U-Freight shares the opinion of the WCO secretary general Kunio Mikuriya that the adoption of the Luxor Resolution will help establish an ecommerce framework of standards and associated operational and implementation plans, with timelines, to further support the development of crossborder ecommerce, while effectively addressing the challenges that arise.

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