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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.
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.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
Nauru Telikom (Neotel) has launched 5G in Nauru, which it claims to be Oceania's first nationwide 5G+ network service. The carrier launched the network earlier this week. In the announcement earlier this week, the carrier noted that the launch of 5G will spur job opportunities across various sectors including telecommunications and IT.
First 5G network in Oceania goes live Nauru Telikom (Neotel) has launched 5G in Nauru, which it claims to be Oceania's first nationwide 5G+ network service. The carrier launched the network earlier this week.
The island has telephone service under country code 674. The island's Internet service is provided by CenPacNet and Digicel Nauru. The country's ccTLD is .nr. In 1994, there were 2,000 telephone land lines in use. There were 450 mobile cellular phones in use at the time.
Nauru has one government-owned radio station and two television stations, one of which is government owned. The island has telephone service under country code 674. The island's Internet service is provided by CenPacNet and Digicel Nauru. The country's ccTLD is .nr. In 1994, there were 2,000 telephone land lines in use.
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.
Hainan will build special customs supervision areas for trade liberalisation and facilitation when independent customs operations are launched and the “free flow through the first line and control at the second line” trade policy is implemented.
Wang Yang publishes an official definition of a free port in the People’s Daily. Announcement of a free trade zone covering the entire island of Hainan during the 30th anniversary of the Special Economic Zone. Launch of the Master Plan for the construction of the Hainan Free Port, aiming for global status by 2050.
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.
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.
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.
