From ferry to gateway: How Hainan’s customs closure powers ASEAN China common market?

It has been over a month since the #Hainan Free Trade Port (#FTP) initiated its island-wide independent customs operation. With the continuous expansion of preferential tariff policies, South #China‘s Hainan Island is emerging as a core hub for cooperation between China and #ASEAN across multiple fields.

How can the preferential tariff policies of the Hainan FTP and the strategic positioning of the “two headquarters bases” be leveraged to enhance China-ASEAN cooperation?

Anna Rosario Malindog-Uy, vice president of the Asian Century Philippines Strategic Studies Institute, noted that this will facilitate the restructuring of industrial value chains between the two sides, benefiting collaboration in sectors such as agricultural products, seafood, and nickel resources.

Additionally, the customs closure will help broaden new channels for trade in services, creating new paradigms for bilateral cooperation through cross-border mutual accreditation and digital connectivity.

Source: China News 中国新闻网
https://x.com/Echinanews/status/2021136357440336101
https://www.facebook.com/reel/1624378275677324

Prof. Anna Rosario Malindog-Uy

Prof. Anna Rosario Malindog-Uy is a Ph.D. Candidate at the Institute of South-South Cooperation and Development (ISSCAD), Peking University, Beijing, China. Currently, she is a Senior Researcher of the South China Sea Probing Initiative (SCSPI) and a Senior Research Fellow of the Global Governance Institution (GGI). Prof. Anna Uy taught Political Science, International Relations, Development Studies, European Studies, Southeast Asia, and China Studies. She is a researcher-writer, academic, and consultant on a wide array of issues. She has worked as a consultant with the Asian Development Bank (ADB) and other local and international NGOs.