CEPA 'a boon' for overseas firms

For logistics firm Kuehne-Nagel, the Closer Economic Partnership Arrangement (CEPA) has been a very beneficial one.

The firm was among the first batch of overseas logistics service providers granted the status of Hong Kong service provider under the free-trade pact, thus gaining greater access to the fast-growing mainland market.

Kuehne-Nagel was granted a license in 2004 to operate a wholly-owned subsidiary in Shanghai.