Advantages -
The Hainan Free Trade Port adheres to the highest international standards of opening up, and is developing a FTP policy system focusing on liberalization and facilitation of trade, investment,
South China''s tropical island province of Hainan is intensifying efforts to establish itself as a high-level free trade port (FTP) by 2025. Key plans were outlined in a government
ACI''s latest research finds that the development of the Hainan Free Trade Port (FTP) is hindered by its weak economic fundamentals, competition from established Pilot Free
This drone photo taken on May 27, 2025 shows a view of the Yangpu International Container Port in the Yangpu Economic
In April 2018, China announced plans to transform the island into a pilot free trade zone, with a long-term vision of developing a free trade port with Chinese characteristics. A
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
Hainan Free Trade Port is not a port in the usual sense, as the entire Hainan Island is regarded as a special economic development area. In addition to reforms and self-governance in customs, investment, and taxation, the province is expected to have distinct arrangements in major policies, administrative management, and visa systems from those of mainland China. The Hainan Free Trade Port Law of the People''s Republic of China grants the Hainan Provincia
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
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
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 General Administration of Customs held a press briefing on November 18 to introduce the overall situation of customs support for the construction of the Hainan Free
2. Why China selected Hainan for its first Free Trade Port 2.1. Geographical location and natural resources 2.2. Early achievements of
Hainan''s full customs closure marks a significant step toward becoming a globally competitive free trade port. Expanded duty-free policies, relaxed circulation rules, and new financial and trade
For Regional Economies, it is altering the industrial and trade geography of East and Southeast Asia, fostering closer value-creating regional production networks, while
Hainan''s full customs closure marks a significant step toward becoming a globally competitive free trade port. Expanded duty-free policies, relaxed
The General Administration of Customs held a press briefing on November 18 to introduce the overall situation of customs support for
Wang Changlin, deputy head of the National Development and Reform Commission (NDRC), announced that the free trade port will launch island-wide independent customs
Since 2018, the local authorities in Hainan and relevant central ministries and commissions, with the support of the Chinese central
Photo shows the Sanya Bay in Sanya, south China''s Hainan province. (People''s Daily Online/Yuan Yongdong) China''s Hainan Free Trade Port (FTP) is expected to achieve
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Hainan Free Trade Port is a new economic hub in China that offers reduced taxes, relaxed regulations, and easier access to the
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
(2) Improving the implementation mechanism. Under the guidance of the Leading Group for Promoting Hainan to Further All-Round Reform and Opening up, Hainan Province
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Hainan’s full customs closure marks a significant step toward becoming a globally competitive free trade port. Expanded duty-free policies, relaxed circulation rules, and new financial and trade facilitation measures will open up more opportunities for domestic and international businesses.
In April 2018, China announced plans to transform the island into a pilot free trade zone, with a long-term vision of developing a free trade port with Chinese characteristics. A master plan released in 2020 aimed to make Hainan a globally influential hub for high-level openness by mid-century.
"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.
Wang Haiye, director and general manager of Hainan Free Trade Port's one-stop aircraft maintenance industrial base, told the Global Times on Wednesday that it aims to leverage the port's policy advantages to expand the aircraft maintenance market and become a high-level, intelligent one-stop aircraft maintenance platform serving the global market.