(Yicai) Dec. 12 -- Hainan province is counting down to the launch of its full customs closure on Dec. 18, when China''s southernmost province will begin island-wide independent customs
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).
The construction of a free trade port in Hainan presents the opportunity of a pilot site for a version 3.0 of the free trade area between
The policy was first implemented as a pilot at the Yangpu Free Trade Port Zone in July 2021 and has since been gradually expanded to the whole island, powering the industrial
File photo/NBD China''s Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec.
Unique opening China already has 22 free trade zones (FTZs), but Hainan represents a fundamentally different level of openness. Most FTZs are limited to specific urban
China released a master plan for the Hainan free trade port, aimed at building it into a high-level port facility by 2025.
Positioned as a leading hub for Hainan''s digital free trade port, the park focuses on digital trade, IoT, fintech, and international innovation. Recognized as a national science and tech incubator
As part of China''s strategic initiative to transform Hainan into a world-class free trade port, the government has released the 2024 Edition of the Catalogue of Encouraged
In addition to the Yangpu Economic Development Zone 2 cited in the previous article, the island has established industrial parks covering
This business model is highly applicable to the Hainan FTP tariff-free policy. In April 2018, China announced a decision to develop Hainan into a pilot
Goods produced by encouraged industrial enterprises containing imported materials that achieve over 30% (inclusive) value
2. Why China selected Hainan for its first Free Trade Port 2.1. Geographical location and natural resources 2.2. Early achievements of
The construction of a free trade port in Hainan presents the opportunity of a pilot site for a version 3.0 of the free trade area between China and ASEAN and even more
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
As the Hainan Free Trade Port continues to develop, the province is stepping up its efforts to pursue more liberal trade policies. Industrial clusters are rapidly taking shape in
Benefiting from such policies, a number of modern processing enterprises targeting both domestic and international markets are thriving in Hainan. Following Hainan
This business model is highly applicable to the Hainan FTP tariff-free policy. In April 2018, China announced a decision to develop Hainan into a pilot free-trade zone while gradually exploring
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
The master plan for the Hainan free trade port (FTP) released by China last year, which aims to make the island province a globally influential free trade port by the middle of
Hong Kong and other overseas traders see Hainan''s efforts to prepare for the launch of independent customs operation and the zero-tariff trade policy
In addition to the Yangpu Economic Development Zone 2 cited in the previous article, the island has established industrial parks covering a wide range of industries,
Invest in Hainan: Free Trade Port policies, duty-free consumption, modern services, healthcare and logistics facilitation.
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
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
Goods produced by encouraged industrial enterprises containing imported materials that achieve over 30% (inclusive) value-added processing within the Hainan Free
Future supply chains could follow a "Hong Kong ordering – Hainan production – global sales" model, with Hong Kong focusing on international finance, legal, arbitration, and
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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 efficiency, Wu said. Trade liberalization and facilitation are defining features of a free trade port.
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.
BEIJING, Aug. 8 -- 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.
