Hainan Free Trade Port to begin independent
This drone photo taken on May 27, 2025 shows a view of the Yangpu International Container Port in the Yangpu Economic
This drone photo taken on May 27, 2025 shows a view of the Yangpu International Container Port in the Yangpu Economic
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
China released a master plan for the Hainan free trade port, aimed at building it into a high-level port facility by 2025.
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
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
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
Hainan Free Trade Port is a new economic hub in China that offers reduced taxes, relaxed regulations, and easier access to the Chinese market. Learn more about this exciting
In recent months, many global buyers have started paying closer attention to one topic coming out of China: the further opening of Hainan as a Free Trade Port. For some, it
The project will provide strategic support for scientific innovation, industrial upgrading, and cross-border data flows in the Free Trade Port, helping position Hainan as a
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 (FTP) will officially launch island-wide independent customs operations on December 18, to promote trade and
For Regional Economies, it is altering the industrial and trade geography of East and Southeast Asia, fostering closer value-creating regional production networks, while
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
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
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
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
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
Benefiting from such policies, a number of modern processing enterprises targeting both domestic and international markets are thriving in Hainan. Following Hainan
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
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
The Hainan Free Trade Port Law, enacted in 2021, provides legal support for the port''s development. It defines Hainan as a customs
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
This initiative comes as the Hainan Free Trade Port (FTP) will officially launch island-wide independent customs operation on December 18, a milestone in China''s opening
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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 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.
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.
A view of the Hainan Free Trade Port in Haikou, south China's Hainan Province, July 23, 2025. /VCG A view of the Hainan Free Trade Port in Haikou, south China's Hainan Province, July 23, 2025. /VCG