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FedEx Asia Pacific President Jian Lixing said, "Over the past decade, with the rise of Asia as the world's economic generator, Europe has become an important export market for many Asian companies. The revival of the European economy will drive export demand in Asia, especially for Chinese products. FedEx is committed to promoting the important connection between these two markets.". Today's launch of a new service from Asia to Europe reflects our confidence in providing Asian companies with more effective connections to the European market, opening the door to new business opportunities, and supporting this trade route
The connection between Asia and Europe is crucial for local enterprises. In the next 20 years, the freight market from Asia to Europe is expected to steadily grow at an annual average growth rate of 6.5%.
Among the three markets supported by the new Asia to Europe next day delivery service, the EU is already the two trading entities in the world. In 2008, the EU's imports from China increased by 6.5%. Singapore recently announced that the European Union has risen to become its trading partner. In addition, the European Union is also the second largest export market for Hong Kong's electronics industry. And electronic products are the variety that accounts for a share of Hong Kong's exports, accounting for more than half of Hong Kong's total exports in 2008.
This service upgrade is part of FedEx's long-term efforts to strengthen Asia Europe connections for customers. The service improvements made by FedEx in the Asian and European markets include the opening of industry wide direct flights to Europe in March 2005; In September 2005, with the opening of overnight flights between China and India, the transportation capacity between Europe and Asia doubled. In February 2009, FedEx launched its Asia Pacific hub located in Guangzhou, which can closely connect the Asia Pacific region with Europe through FedEx's unique European one day delivery network, demonstrating FedEx's long-term commitment to providing better service and connectivity for Asian businesses.