Hainan Free Trade Port to officially launch island-wide
BEIJING, July 23 (Xinhua) -- China''s Hainan Free Trade Port will officially launch island-wide independent customs operation on Dec. 18, 2025, as approved by the Communist Party of
BEIJING, July 23 (Xinhua) -- China''s Hainan Free Trade Port will officially launch island-wide independent customs operation on Dec. 18, 2025, as approved by the Communist Party of
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 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
Conclusion The 2024 Edition of the Catalogue marks a decisive step forward in the development of Hainan Free Trade Port. By identifying and encouraging key industries, the
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
Wenchang International Aerospace City is a key industrial park in the Hainan Free Trade Port, where the construction of a number of aerospace industry‑related projects is
After several years of development, the Hainan FTP has achieved remarkable results in the formation of policies and institutions, the upgrading of modern industrial systems, the
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
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
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
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
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 evolution of the Hainan FTP, from initial groundwork and preparation to this year''s launch of independent customs operations and the upcoming full-scale development,
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
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Local resources Since the publication of the Catalogue of Encouraged Industries in the Hainan Free Trade Port (2020 Edition), which was updated and expanded in 2024 (2024 Edition)3, Hainan's four leading industries – tourism, modern service industry, high‑ and new‑tech industry, and high‑efficiency tropical agriculture – have grown rapidly.
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 seaport in the usual sense, but the entire Hainan Island is regarded as a special economic development area.
On November 20, 2022, the first foreign-invested enterprise cluster in Hainan Free Trade Port serving foreign-invested enterprises was unveiled in Qiongshan District, Haikou, and six foreign-invested enterprises signed letters of intent to move in at the same time.
Institutional, independent, and unilateral opening up are key features of the Hainan FTP. They represent the highest forms of China's opening up and provide a new window for observing its effectiveness. The launch of the independent customs operations is a crucial phase in the construction of the Hainan FTP.