Emirates Post and China Post sign deal to enhance cooperation in postal and financial services

A framework agreement on enhanced cooperation in these fields was signed during of visit of Emirates Post delegation led by Mr. Abdulla Al Daboos, President of Emirates Post Group, to China Post headquarters in Beijing. Mr. Daboos was accompanied by Mr. Ibrahim Bin Karam, CEO of Emirates Post and Mr. Abdulla Saqer AlSuwaidi, Director of International Relations, Emirates Post.

The visit came as a sequel to a visit by a China Post delegation to Emirates Post in April, in which both sides decided to initiate moves to enhance bilateral business ties.

"Our visit to China helped us get a better understanding of the Chinese market and also see the advancements that China has made in all fields, especially postal areas," said Mr. Abdullah Al Daboos. "As China is one of the UAE leading trade partners, the Chinese community in the UAE has been growing and we need to offer them better postal and remittance services. This agreement laid the foundation for achieving those goals."

From China Post side, the agreement was signed by Mr. Liu Mingguang, Vice President, China Post Group, in the presence of senior officials from the group. Presentations were made by China Postal Savings Bank, China EMS Corp. and China Post Logistics.

According to the details of the agreement, International Electronic Remittance will be provided by both parties through the International Financial System (IFS) of UPU. Both sides will conduct joint promotion and marketing activities of the service that will be launched at the end of October 2008.

China Post Group will consider using the Dubai Mail Transit Hub for mail items originating in China and dispatched to Middle East and Europe. Both parties will negotiate with airlines for better rates.

In the field of EMS, both parties agreed to raise the weight limit of a single EMS item to 40 kg. Both parties will work together to launch time-specific services between the two countries.
Emirates Post and China Post will work jointly to market customer-oriented postal services in both countries.

The Emirates Post delegation visited various facilities of China Post, including the world's largest sorting centre in Shanghai.