Multinational logistics firm Federal Express announced plans to expand its operations in Clark Freeport five times more than its capacity in order to operate as transshipment hub for parcel deliveries.
Trade Secretary Ramon Lopez announced the expansion while on a trade mission in Washington D.C. and after meeting a top executive of FedEx.
He said FedEx operations in Clark would be upgraded with a parcel sorting machine and reloader for designated planes flying to various destinations and would not pass through the Customs area.
Lopez said the project was the topic of a previous meeting on April 18 with the Department of Trade and Industry, FedEx vice president Ralph Carter and presidential adviser on flagship programs and projects Vince Dizon.
Dizon was helping FedEx secure the necessary document to allow efficiencies in the planned transshipment operations.
Carter disclosed that FedEx was looking ahead to initiate Phase 2 of its project in Clark soon. Phase 1 involves an area of about 7,000 square meters.
He cited the need to have clear and flexible rules to ensure that transit goods that come to the Philippines are not stopped and inspected.
FedEx executives virtually met with Board of Investments in February 2022 to discuss the company’s expansion plans and assist the logistics firm on the rules on transshipment imposed by the Bureau of Customs.
The DTI and BOI actively collaborate with the BOC on the drafting of a circular memorandum order, which is an important prerequisite to finalizing FedEx’s investment plan.