Swift Global Logistics is planning to increase its operations in the Far East after receiving WOFE (Wholly Owned Foreign Enterprise) status from the Chinese government.
The trade licence, which allows foreign companies to operate in China without a local partner, has previously been awarded to logistics players such as UPS, Gulf Agency Company (GAC) and Maersk Logistics.
“This is another important development in the our mission to provide innovative logistics solutions to a wider spectrum of clients throughout the world,” explained Issa Baluch, chief executive officer of Swift Group, the Dubai-based owner of Swift Global Logistics.
“The number of international freight forwarders who have been awarded the WOFE licence is extremely limited, so we are especially proud about receiving this status for our China office,” he added.
Swift Global Logistics will now operate as a wholly owned entity in China, providing a diverse range of sea freight, airfreight and 3PL services in the local market. In particular, the company is planning to market its SAM (Sea Air Model) service, which combines sea-air transportation from cities such as Beijing, Hong Kong, Shanghai, Shenzhen, Yiwu and Guangzhou to locations throughout Africa.
“We value the role that China is playing in the global logistics industry and hope to support to country’s position in the regulation of international trade,” said Baluch. “I expect our specialised services, such as SAM, to bring a wealth of benefits to the local market, especially because the Far East has become a major trade lane for Africa, with a growing number of African companies purchasing their stock from countries such as China.”
Source: Arabian Supply Chain