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With Hainan's Independent Customs Operation, How Shandong's Enterprises "Venture into Overseas Markets"

Source：Haibao News 12-23-2025 09:00:00

Recently, the Hainan Free Trade Port officially launched its island-wide independent customs operation. For Shandong, a province with a robust manufacturing basis and record-breaking annual import and export volumes, what opportunities and changes will the opening signals from the South China Sea pearl—over 2,000 kilometers away—bring?

This undoubtedly represents a major boon for Shandong's enterprises. Following the independent customs operation of Hainan Free Trade Port, its favorable processing trade policies and strategic location adjacent to the Strait of Malacca and ASEAN will serve as a springboard for Shandong's companies to strengthen economic and trade cooperation with foreign partners, particularly those in ASEAN.

Moreover, Hainan's production capacity is limited, and there is a huge gap with Shandong in both agriculture and manufacturing. Hainan can leverage its policy and platform advantages to serve as a "supermarket" that aggregates global resources, while Shandong can rely on its robust industrial foundation and comprehensive industrial chains to become an efficient "factory" for output. With complementary strengths, the two regions exhibit great potential for collaboration.