Free Trade Zone Concept Raises Aviation Industry

Yesterday (September 12), relevant persons in the logistics industry said in an interview that the promotion of trade in the construction of the free trade area requires the promotion of downstream companies, which will help increase the volume of business such as shipping, air transport, express delivery, and warehousing; but At the same time, the increase in the above business is still limited compared to the current sufficient capacity, and growth is a gradual and long-term process, and there will be no obvious increase in the short term.

“The free trade zone is conducive to promoting passenger and cargo throughput at the airport and promoting the construction of an international aviation hub at Shanghai Airport.” Zhao Wei, deputy director of the Airport Management Department of the Civil Aviation Management Institute of China, pointed out that “after free trade zones break the trade barrier, zero tariffs The simplification of the implementation and customs clearance systems and procedures will greatly promote various types of trade activities, while the opening up of the financial sector will promote the free business environment in the free trade zone and enhance the attractiveness of domestic and foreign companies in operating investment."

Zhao Wei further pointed out that the free trade zone has a particularly significant agglomeration effect on logistics. As China's industrial upgrading, tax exemptions and free ports will be conducive to attracting high-end manufacturing industries, thereby bringing more air cargo sources and consolidating aviation in Pudong Airport. Cargo hub status. The scope of radiation will further span the park and benefit the entire Yangtze River Delta region, making Shanghai a truly platform for trade and logistics hubs in Northeast Asia.

Before the implementation of the detailed implementation plan announced, the impact on the industry was inconclusive. Although many related companies expressed high concern for enthusiasm, they also said they were temporarily on the sidelines.

“Market access and global trade are the core factors in promoting global business and economic growth. Federal Express has always supported free trade to promote global economic and trade development,” Federal Express (FedEx) responded to reporters yesterday. “We have a long-term commitment to the Chinese market. We are committed to providing reliable and convenient services to our customers through our global service network."

The relevant person of the China Shipping Industry Group previously told the “Daily Economic News” directly that “the current rules have not been introduced and we have no direct impact on us. Therefore, we have not yet had a way to assess.

According to foreign media reports, Goldman Sachs analysts mentioned in the research report that the stocks of major airlines such as China Eastern Airlines and China Southern Airlines have “upside”. “Given that the actual boosting effect of the free trade zone will only be reflected in the medium term,” Goldman Sachs’s research report stated that “we prefer to see room for upward growth from existing businesses, and the Shanghai Free Trade Zone may Stocks that give them more upside."

Some domestic media reported a few days ago that the freedom of trade and freedom of transportation in the Free Trade Zone will guide the development of air cargo in a diversified direction.

According to another source, with the full construction of the Shanghai Free Trade Zone, Eastern Airlines Logistics is actively applying to become a pilot unit for cross-border e-commerce by the Shanghai Municipal Government. Eastern Airlines Logistics will benefit from the Shanghai Free Trade Zone policy. However, Eastern Airlines officials yesterday told the Daily Economic News reporter that prior to the logistics-related issues strictly speaking with the free trade zone is not relevant, and related issues related to the Shanghai Free Trade Zone, the company has not been disclosed to the public content.