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BAX GLOBAL GRANTED NEW STATUS BY XIAMEN FREE TRADE ZONE.
(Full text of a statement. Contact details below.)
SINGAPORE, Oct 1 PRNewswire-AsiaNet - Xiamen Customs has granted its first "Class A Company" distinction award in the Xiangyu Free Trade Zone to BAX Global Xiamen, it was announced recently.
BAX Global, a US$2 billion worldwide transportation and supply-chain management company with its Asian operations based here, achieved this distinction by having a minimum of two years of continuous operations in the trade zone, a professional management team, keeping strict adherence to customs and legal operations and a strong company image, according to Xiamen Customs officials presenting the certificate.
For the last two years, BAX Xiamen import/export quantities have been the equivalent of 60% of total Xiangyu Free Trade Zone, according to customs officials.
The Class A certification was designed by Chinese Customs to encourage companies to improve controls so it can provide faster and better quality service.
By winning this award, BAX Xiamen is now able to enjoy benefits from Chinese Customs that other companies do not, including the faster release of goods, inspections, guarantees, duties and tariff reductions, tax refunds and other benefits.
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