The creation of a free trade port is the highest level of opening-up in the world today. With rich natural resources and the advantages of being backed by China's mega-market, the Hainan FTP covers the entirety of the 33,900-square-kilometer Hainan Island. The FTP currently has eight open ports and 10 second-line customs ports.
The FTP currently has eight open ports and 10 second-line customs ports. China aims to build the Hainan FTP into an important gateway that leads the country's opening-up in the new era.
The island-wide special customs operations in Hainan FTP, that began from Dec 18, are different from how the rest of China's general territory functions. Trade in Hainan operates through a dual-line system: the first line between Hainan and overseas markets, and the second between Hainan and China's mainland.
» Hainan FTP, positioned as China's most open economic zone, will surpass existing Free Trade Zones (FTZs) with policies designed to drive unprecedented liberalization, aiming at a pioneering development comparable and competitive with globally renowned free trade hubs like Hong Kong and Singapore.
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 now being
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This milestone marks a groundbreaking leap in China''s customs governance: it heralds the birth of the nation''s first-ever FTP and realizes a pivotal upgrade—elevating Hainan Island from a Free Trade
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Announcement on Issuing the Implementing Measures of the Customs for the "Zero Tariff" Policy for the Production Equipment for Self-use Purposes in Hainan Free Trade Port (for Trial Implementation)
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Following the launch, exchanges between Hainan and the international market will become smoother and more seamless. At the same time, travel for business or tourism to the island
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These goods can circulate tax-free among eligible businesses within Hainan. Eight ports will serve as first-tier entry points, allowing expedited clearance for qualified imports, while 10 second
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China on Thursday launched island-wide special customs operations in south China''s Hainan Free Trade Port (FTP), the world''s largest FTP by area, allowing freer entry of overseas
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China''s boldest experiment in reform since 1978 and the world''s largest Free Trade Port (FTP) on the island of Hainan is poised to usher in a new stage of liberalisation and opening up policies.
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China''s Hainan Free Trade Port (FTP) will officially launch an island-wide independent customs operation on Dec. 18, 2025, which opens up more opportunities for the development of
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The advantages for foreign firms are clear. The Hainan FTP combines zero-tariff treatment for most imports with free circulation of goods on the island, slashing logistics and
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Thanks to its unique geographical location, the Hainan FTP is expected to play an important role in tapping cooperation potential under free trade agreements such as the China
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