Shandong promotes high-standard opening-up
China DailyShandong province has been ramping up efforts to promote high-standard opening-up, implement a new development philosophy and serve and integrate itself into the new development paradigm. More than 50 passenger and cargo ships travel between Shandong and South Korea every week, forming a "maritime expressway" with "shipping price and air freight speed". In 2021, Shandong's trade with South Korea totaled 269.55 billion yuan, and its trade with Japan reached 182.15 billion yuan. With the implementation of the Regional Comprehensive Economic Partnership this year, Shandong's trade with Japan and South Korea is expected to maintain a steady trend of making progress, and benefit from tariff concessions and trade facilitation under the RCEP framework. The province's import volume exceeded 1 trillion yuan for the first time, and its trade volume with the top six global markets grew by double digits, creating new breakthroughs in international economic and trade cooperation.