Hainan Free Trade Port to officially launch island-wide
China''s Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, as approved by the Communist Party of
China''s Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, as approved by the Communist Party of
BEIJING, July 23 (Xinhua) -- China''s Hainan Free Trade Port will officially launch island-wide independent customs operation on Dec. 18, 2025, as approved by the Communist Party of
HAIKOU, June 1 -- In June 2020, China released a master plan to develop Hainan into a globally influential and high-level free trade port by the middle of this century. Over recent years, the
China''s Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, as
Imported products that undergo at least 30 percent value-added processing in Hainan can enter the mainland tariff-free. In addition, certain goods currently banned or
Hainan Free Trade Port is a free trade port in Hainan, China. As an offshore island, Hainan is also the largest special economic zone in the People''s Republic of China (PRC). It is regarded as a special area for China to comprehensively deepen economic reform and experiment with the highest level of opening-up policies. Hainan Free Trade Port is not a port in the usual sense, as the entire
China''s Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, as approved by the Communist Party of
Certain goods currently banned or restricted nationwide will enjoy open policies in Hainan. Vice Minister of Finance Liao Min noted that the number of duty-free items in Hainan
China''s Hainan is set to enhance and simplify foreign exchange processes and achieve free flows of cross-border capital.
Achieving independent customs operations will mark a milestone in building the Hainan Free Trade Port. The FTP is expected to
China''s Hainan Free Trade Port is set to launch a pilot program on August 21 this year, enabling overseas investors to access domestic financial products offered by local
With a zero-tariff system fundamentally in place after the independent customs operation, high-quality global resources can flow into Hainan with greater freedom and
Hainan Free Trade Port is a new economic hub in China that offers reduced taxes, relaxed regulations, and easier access to the
2. Why China selected Hainan for its first Free Trade Port 2.1. Geographical location and natural resources 2.2. Early achievements of
A number of policies introduced in the Hainan FTP have been effectively implemented, focusing on the areas of "zero tariffs, low tax rates and a
In a move to bolster the growth of the Hainan Free Trade Port and broaden the spectrum of zero-tariff goods, a joint announcement by
The Office of the Leading Group for Promoting Hainan to Further All-Round Reform and Opening up should take the lead in establishing and guiding a Working Group for
Achieving independent customs operations will mark a milestone in building the Hainan Free Trade Port. The FTP is expected to start independent customs operations by the
Based on this strategy, Hainan reformed its medical laws and policies to make it freer and more open.
As an important part of the Hainan FTP construction, Hainan has adopted a variety of measures to optimize its business environment to facilitate free and convenient trade and
The Hainan Free Trade Port Law, enacted in 2021, provides legal support for the port''s development. It defines Hainan as a customs
Hainan Free Trade Port (FTP) will officially launch island-wide independent customs operations on December 18, to promote trade and
Hainan Island is rapidly evolving into a global free trade hub with significant policy support and industrial growth.
South China''s Hainan Province unveiled a three-year action plan on Monday, aiming to establish a modern industrial system with distinctive features and competitive
An aerial photo taken on Feb. 6, 2025 shows the completed centralized inspection site project of Xinhaigang and Nangang "Second-Line Port" (for freight) in Haikou, south
A number of policies introduced in the Hainan FTP have been effectively implemented, focusing on the areas of "zero tariffs, low tax rates and a simple tax system," as well as the free and
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On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
"With the independent customs operations, Hainan FTP is poised to become a key gateway for China's new era of opening up and innovation," Cai added. China's Hainan Free Trade Port (FTP) is set to launch an island-wide independent customs operation on Dec. 18, 2025, underscoring the country's wider push for high-standard opening up.
A number of policies introduced in the Hainan FTP have been effectively implemented, focusing on the areas of "zero tariffs, low tax rates and a simple tax system," as well as the free and convenient flow of factors such as goods, capital and personnel.
Looking ahead, the Hainan FTP will prioritize promoting the free and efficient flow of key production factors, including trade, investment, cross-border capital, personnel and logistics, alongside the secure and orderly movement of data, according to Cai.