Indonesia is exploring new trade pathways through the Hainan Free Trade Port's special customs operation in the Chinese mainland. By simplifying customs procedures and offering preferential policies, Hainan FTP is opening doors for overseas partners to access new markets.
Budi Hansyah, trade attaché of the Indonesian Embassy in the Chinese mainland, says, 'We're looking to bring diversity and technology back home through new opportunities offered by Hainan FTP's special customs operation.'
This initiative could help Indonesian industries – from manufacturing to agriculture and digital services – modernize by tapping into advanced technologies and streamlined supply chains. Lower tariffs and faster clearance times can spur innovation among startups and small and medium-sized enterprises.
As Indonesia seeks to diversify its trade portfolio in 2025, collaboration with Hainan FTP reflects a broader shift toward agile, tech-driven partnerships. If successful, this model could serve as a blueprint for other G20 nations eyeing resilient and sustainable supply chains.
Reference(s):
Hainan to bring diversity, technology to Indonesian industries
cgtn.com
