TradeCard's Kurt Cavano with Tradelink's Justin Yue at the introduction of  the online  solution which would make Hong Kong traders better connected with their overseas customers

To maintain its competitive edge, Hong Kong's Tradelink Electronic Commerce Limited has tied up with US-based TradeCard in an online integrated solution for handling customs-declaration procedures that could save Hong Kong traders "millions of man-hours". 

Kurt Cavano, chairman and chief executive of TradeCard, an end-to-end financial supply chain services provider, said Hong Kong generated about 1.4 million customs declarations a month, most of which were handled by the Tradelink portal for the electronic transmission of regulatory documents.

The connection to the Tradelink network means the data, already in the TradeCard's system, will not have to be rekeyed. This will shorten the time spent on data entry, reducing administrative costs, help improve the accuracy of the data and avoid key-stroke error.

Mr Cavano said based on the number of declarations customs deal with each month, the partnership could save Hong Kong traders three million man-hours a year.
 
"The integration brings supply chain management to a new level and facilitates global trade for Hong Kong traders enhancing Hong Kong's competitiveness," said Mr Cavano.

Hong Kong is the first in the world to offer the electronic submissions of custom declaration.

Justin Yue, chief executive of Tradelink, a joint venture between the Government and private investors, said the strategic partnership "makes Hong Kong's traders better connected with their overseas customers and more competitive in the region."

"Integrating both our electronic services signifies another important step in the automation of international trade for Hong Kong," said Mr Yue. 

Related links:
TradeCard
Tradelink