Aeronet Worldwide® has announced an additional partnership for import/export services between the United States and Asia. Recently, Aeronet struck an agreement to partner for shipments between the U.S. and China. This newest agreement expands that relationship into Hong Kong.
In recent years, because of various free trade agreements, Asia has become a more integrated market. Like many countries, Hong Kong has benefited from this. They have also benefited from the global economic recovery. In 2017, their total merchandise trade increased by 8.4% to $1,056 billion (in US dollars). Hong Kong’s exports also increased 8%. The trade and export growth is significant, especially since both experienced 0.7% and 0.5% losses, respectively, in 2016.
The U.S market represents 8.5% of Hong Kong’s major exports, which is why this latest partnership makes so much sense. “After building joint ventures in Canada, the U.K., and the Netherlands, we have turned our attention to Asia. China was first, now Hong Kong, and there are more to come. It’s a great opportunity for Aeronet, especially when it comes to the development of our ocean business,” says Anthony N. Pereira, Aeronet Worldwide’s Chairman and CEO.