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3as a Logistics Hub Hong Kong’s Traditional Advantage Figure 8. Key facts about the Hong Kong International AirportSources: The Airport Authority Hong Kong, OAG Megahubs Index 2019, IATA, and Pharma.AeroNo. 1busiest cargo airport in the world2ndwell-connected airport in Asiamost 1stof IATA’s Center ofExcellence forPerishables LogisticsPartner Airport Inter-modaltransportationinfrastructure4.8 million tonnes of cargo and airmail moved in 2019Connecting to over220 destinations by120 airlines• CEIV Fresh• CEIV Pharma• Cargo iQIATA Certification and CommunityInternational CollaborationsBonded truck service and established depots • Pharma.Aero in the Pearl River Delta• Pharma Corridor with Brussels AirportWith its strategic geographical positioning and simple tax regime, Hong Kong has in the past decades developed into an international trade and logistics hub, supported by world-class logistics infrastructures in terms of sea, air and land transport. Hong Kong International Airport (HKIA) is the world’s largest airport by air cargo tonnage. Hong Kong Port (HKP) is also among the world’s top ten ports by throughput measured in number of TEUs9handled. On the land side, Hong Kong is well connected to adjacent areas through an excellent road and bridge network, with well-managed boundary crossing points.9 TEU stands for Twenty-Foot Equivalent Unit, a cargo capacity unit used to describe the capacity of container ships and container terminals.18