The market for final mile delivery in the country is gaining importance, owing to several factors. The market is significantly increasing, owing to the rapid growth in the e-commerce industry. The increase in consumer preferences for faster deliveries and multi channel retailing gaining popularity are some other factors that drive the market. In order to accommodate the growing demand, the companies are expanding its resources to increase the number of deliveries per day. Besides these, the Turkish last mile delivery market is associated with some challenges, such as traffic in the urban areas leading to high fuel costs and the regulations of the government on trucks regarding the environmental concerns, which may hamper the growth of the market up to some extent.

跨境电商凭借政策支持，使得其进口税收在所有渠道中最低。以高档化妆品为例，在限额内，跨境电商综合税为 23.1%，个人物品直邮需缴纳行邮税 50%，一般贸易进口税为 44.9%，而机场免税品税收为 0。但机场免税运营商需向大型枢纽机场缴纳 40%左右的提成，跨境电商是否会成为机场免税最大的威胁呢？

八月日韩游依旧维持较高增速，泰国游低基数基础上回暖显著，港澳游受香港事件影响出现下滑，二季度欧洲游维稳增长中周期复苏继续，美国游在去年同期低基数基础上显著回暖。

10 月份，建议从以下三条主线布局交通运输板块：1）Q3业绩边际改善，免税店业务快速发展的机场标的：白云机场；2）美国制裁中远海能子公司（大连中远），油运供需缺口进一步扩大，业绩明显好转的油运标的：招商轮船；3）业绩稳定，防御性突出的公路板块：深高速、粤高速A、宁沪高速。交运板块维持【同步大市】评级。

United Arab Emirates (UAE) is under a critical phase of transforming from an oil based economy to an industry driven economy. The country is actively making political alliances with countries, such as Saudi Arabia, and venturing into several manufacturing industries. Emirates, in collaboration with Saudi Arabia, invested AED 5 billion toward several food security initiatives that open several market opportunities for the packaging industry in the country. The investments into manufacturing are majorly spurred by the recent economic slow down caused by low crude oil prices and reduced activity in the upstream oil and gas industry. The years 2016 and 2017 had a severe impact on the country’s economy.