The Sustainability of Economic and Business Practices Through Legal Cooperation in the Era of the Hainan Free Trade Port and Southeast Asian Nations

Muhammad Bilawal Khaskheli and Yongchen Zhao ()
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Muhammad Bilawal Khaskheli: School of Law, Hainan University, No. 58 People’s Avenue, Haikou 570228, China
Yongchen Zhao: School of Law, Hainan University, No. 58 People’s Avenue, Haikou 570228, China

Sustainability, 2025, vol. 17, issue 5, 1-26

Abstract: This research explores the sustainability of economic and business practices through enhanced legal cooperation within the Hainan Free Trade Port and Association of Southeast Asian Nations; context is essential to China’s economic reform, contributing to a strong business environment and sustainable development. The research explores the functions of legal frameworks in facilitating trade, investment, and innovation, with special emphasis on regulation coordination and dispute–resolution mechanisms. The research inspects the legal basis of free trade zones in the major Association of Southeast Asian Nations. It reinforces each other’s systems, regulatory changes, and economic sustainability incentives, thus setting up these zones as a driver for international trade and investment. It underlines a set of challenges and opportunities, and close-up legal cooperation may be imperative for ensuring economic sustainability in the long run, gaining confidence among international investors, and encouraging responsible business conduct in the region as a whole. This study contributes to understanding how legal structures can support economic resilience and sustainable growth in emerging trade environments. This paper consists of five sections, with the first section based on the research study and its themes. The second reviews the literature comprising the historical context, current research, and work of previous scholars concerning the study while identifying research gaps; the third discusses the material and results, including new legislation related to Hainan’s FTP; the fourth discusses and analyzes the entire research work, including findings; and the fifth covers the conclusions, limitations, and future directions of the research.

Keywords: Hainan Free Trade Port; economic sustainability; digital technologies; legal corporation; business sustainability (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2025
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