GAC’s representative office in Shanghai has been awarded the A-Class forwarding license by China’s Ministry of Commerce, and will now operate as a wholly owned foreign enterprise (WOFE) under the company name GAC Forwarding & Shipping (Shanghai) Ltd.
China’s exports to the region were worth AED19.80 billion during the first three quarters of 2006, making it the top UAE trade partner, according to a recent report by Dubai World. “This new development will boost our ability to provide more efficient logistics services to our clients in the Middle East,” said Simon Rhodes, Regional Freight Sales Manager, GAC Middle East.
Christer Sjödoff, GAC’s Regional Director for Asia Pacific & Indian Subcontinent, welcomed this new status, which came into effect on 1 January 2007, adding that it brings obvious benefits to GAC, its partner agents and customers.
“With this license in place, we will be able to market our extended range of logistics services directly to customers and trade in the Reminibi currency,” he says. “The Shanghai office will also serve as a key communication and coordination centre for all GAC business operations throughout Northern and Central China.”
Backed by a team of highly skilled professionals as well as solid legal and administrative platform, GAC Forwarding & Shipping (Shanghai) has streamlined its processes to ensure that a high level of customer service is offered around the clock to our customers.
This latest development is in line with GAC’s globalisation strategy, in which China is identified as one of the most important growth markets for the Group.
Reinforcing GAC’s commitment to China, Sjödoff reveals that three more offices in Xiamen, Beijing and Shenzhen will be established within the next month.
About the GAC Group
The GAC Group (GAC) is the world’s largest independent shipping, logistics and marine services provider, with over 250 offices worldwide.
Established in 1956, GAC’s core business covers three key areas – shipping, logistics and marine services. The GAC brand reflects value for money, quality, continuity, innovation and global reach.
GAC employs more than 7,000 people worldwide. The GAC Group corporate head office is in Dubai, in the United Arab Emirates. For more information about GAC, visit www.gacworld.com
About GAC Logistics
GAC Logistics specialises in a full range of supply chain and logistics solutions. These include air and sea freight, warehousing and distribution, road transportation, project logistics, global marine logistics, and international moving and courier services.
GAC Logistics operates an integrated worldwide network, serving international manufacturers, distributors and retailers from the fast moving consumer goods (FMCG), textiles, pharmaceutical, automotive, electronics, entertainment, as well as oil and gas industries.
