Hainan Free Trade Port''s island-wide customs closure operation
Goods produced by encouraged industrial enterprises containing imported materials that achieve over 30% (inclusive) value-added processing within the Hainan Free
Goods produced by encouraged industrial enterprises containing imported materials that achieve over 30% (inclusive) value-added processing within the Hainan Free
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
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 China Central
Hainan has transformed an entire island into a unified free trade port, with its own customs, tax, and regulatory system. Under the new policy, Hainan functions as a special
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
Imported products that undergo at least 30 percent value-added processing in Hainan can enter the mainland tariff-free. In addition, certain goods currently banned or
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
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
Overview Hainan is a provincial-level administrative region consisting of 19 cities and counties, with Haikou as its capital city. It is China''s largest special economic zone, largest free trade
(Yicai) Dec. 12 -- Hainan province is counting down to the launch of its full customs closure on Dec. 18, when China''s southernmost province will begin island-wide independent customs
Vice Minister of Finance Liao Min noted that the number of duty-free items in Hainan will increase from about 1,900 to around 6,600, marking a significant boost in openness.
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
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
The security review system for foreign investment shall be implemented in the Hainan Free Trade Port in accordance with the law, and security reviews shall be conducted on foreign
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).
On December 18, the country launched island-wide special customs operations in Hainan, transforming the entire island into a high-standard free trade zone, encompassing not
Big changes are underway in Hainan—and they''re designed to make everyday life smoother for residents, expats, and businesses alike. China''s Hainan Free Trade Port will
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 is a provincial-level administrative region consisting of 19 cities and counties, with Haikou as its capital city. It is China''s largest special economic zone, largest free trade pilot zone, and
Industrial clusters are rapidly taking shape in industrial parks, the foundations of its real economy are being strengthened, and its industrial sector is continuously expanding.
This is driven not only by cost advantages from duty-free hardware imports but also by Hainan''s institutional alignment with high-standard international trade rules.
2. Why China selected Hainan for its first Free Trade Port 2.1. Geographical location and natural resources 2.2. Early achievements of
Under the new policy, Hainan functions as a special customs area, enabling deeper institutional reforms: broad zero-tariff policies, freer cross-border capital flows, and a
On December 18, 2025, the Hainan Free Trade Port (FTP) officially commenced island-wide customs closure operations. This initiative is far more than a simple policy adjustment; it
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