Hainan Free Trade Port''s Island-wide Customs Closure:
For Global Supply Chains, it adds a vital "China option," offering multinationals a new solution for optimizing Asia-Pacific and global production footprints, thereby enhancing
For Global Supply Chains, it adds a vital "China option," offering multinationals a new solution for optimizing Asia-Pacific and global production footprints, thereby enhancing
"We will strive to build the Hainan Free Trade Port into an important gateway leading China''s opening up in the new era, contributing to the sustained
The Ministry of Commerce will make more efforts to support Hainan in aligning with high-standard international economic and trade rules, enhancing institutional openness, and
Big changes are underway in Hainan—and they''re designed to make everyday life smoother for residents, expats, and businesses alike. China''s Hainan Free Trade Port will
China''s Hainan is set to enhance and simplify foreign exchange processes and achieve free flows of cross-border capital.
Since 2018, the local authorities in Hainan and relevant central ministries and commissions, with the support of the Chinese central government, have carried out and
"We will strive to build the Hainan Free Trade Port into an important gateway leading China''s opening up in the new era, contributing to the sustained development of the Chinese economy
Hainan Free Trade Port is a new economic hub in China that offers reduced taxes, relaxed regulations, and easier access to the
HAIKOU — President Xi Jinping has called for accelerating the development of Hainan into a free trade port with Chinese
As global trade faces rising tariffs and growing protectionism, China is moving in the opposite direction by opening one of its doors wider. That door is Hainan, a tropical island
In the next step, Hainan will implement high-standard international economic and trade rules, and integrate into the global network of high-standard free trade zones, Liu said. It
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
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
Since 2018, the local authorities in Hainan and relevant central ministries and commissions, with the support of the Chinese central
China''s Hainan Free Trade Port (FTP) will officially begin island-wide independent customs operations on December 18, 2025, marking a major milestone in the country''s push
Explore why intellectual property rights and data governance are critical for success in Hainan FTP after its 2025 closure. Learn about customs collaboration, PVA risks, and essential due
Many favorable policies have since been issued to support the development of the Hainan Free Trade Port (FTP), including the implementation of zero tariffs and the easing of
A staff member is busy at the workshop of the Hainan Well Lead Medical Technology Development Co., Ltd. in Haikou, south China''s Hainan Province on May 21,
China released a master plan for the Hainan free trade port, aimed at building it into a high-level port facility by 2025.
"We will strive to build the Hainan Free Trade Port into an important gateway leading China''s opening up in the new era, contributing to the sustained development of the
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
At Midnight on 18 December 2025, the full customs closure of Hainan Free Trade Port began which marks a significant step in China''s continued opening-up. The term
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"We will strive to build the Hainan Free Trade Port into an important gateway leading China's opening up in the new era, contributing to the sustained development of the Chinese economy as well as injecting stability and certainty into the world economy," said Yuan, assistant minister of commerce. ■
"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.
* China's Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, which marks the anniversary of the milestone Third Plenary Session of the 11th CPC Central Committee in 1978 that ushered in the reform and opening-up, underscores China's unwavering commitment to high-standard opening-up.
The Ministry of Commerce will make more efforts to support Hainan in aligning with high-standard international economic and trade rules, enhancing institutional openness, and fostering new growth drivers through targeted measures, Jiang said.