Hong Kong is offering cargo exporters discounts to help boost trade and business at Hong Kong International Airport (HKIA), as freight shipments take a hit from the current long-running US-China trade war.

“HKIA’s competitiveness and its global status as the leading air cargo hub, Airport Authority Hong Kong (AA) will support airlines to introduce the Terminal Charge Concession Scheme (the Scheme) with effect from 1 April 2020.” A HKIA statement read.

Under the Scheme, AA will contribute 20% of the Terminal Charge (TC) concession amount offered by an airline to freight forwarders for export cargo, subject to agreement between the AA and the individual airline. The concession will also benefit shippers according to their commercial agreements with freight forwarders.