4 FAQs about Hainan Free Trade Port Communication Power Supply Cabinet 500kW

What is Hainan free trade port?

The Hainan Free Trade Port is the latest, most ambitious example of this experiment. The island-wide special customs operations describe one of the world's most forward-looking systems of trade liberalization, designed to combine regulatory precision with unprecedented openness.

What are the advantages of the Hainan FTP?

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 transaction costs.

Is Hainan China's most ambitious experiment in free trade & economic openness?

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 positioned as China's most ambitious experiment in free trade and economic openness.

What is the policy backbone of Hainan's FTP?

The Guiding Opinions of the CPC Central Committee and the State Council on Supporting Hainan's Comprehensive Deepening of Reform and Opening Up issued in April 2018 and Overall Plan for the Construction of Hainan Free Trade Port issued in June 2020 are the policy backbone of Haian's FTP.

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