On 10 June 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.
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 a single port or industrial park, but the whole island.
But for those who understand that modern trade depends on digital trust and predictable compliance, the Hainan Free Trade Port represents something larger than a local reform — it is a prototype for how globalization itself might function in the decades ahead. The author is chairman of America-China Partnership Foundation.
On 5 January 2024, the inspection area for railway freight trains at Huairou South railway station —the first railway customs clearance project of the Hainan Free Trade Port, built by the China Railway 25th Bureau Group—was completed.
Cabinet Solutions & Industry Insights Off-grid type power storage cabinet in Hainan Free Trade Port Hainan Free Trade Port is a free trade port in, China. As an offshore island, Hainan is also the
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The new policies aim to strengthen supply chains, attract foreign investment and foster industrial clusters in sectors like tourism, modern services, high-tech and tropical agriculture, which
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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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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 value-added
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Hainan Free Trade Port refers to the designation of the entire island of Hainan, China, as a special economic development area and free-trade zone. It is 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.
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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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The Law on the Hainan Free Trade Port outlines reforms related to changes in resident rights within the Free Trade Port, immigration and entry–exit policies, and customs closure procedures, representing
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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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The master plan will benchmark Hainan with some of the world''s high-level free trade ports, for examples, Hong Kong, Singapore and Dubai.
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As an offshore island, Hainan is also the largest special economic zone in the (PRC). It is regarded as a special area for China to comprehensively deepen economic reform and experiment with the highest
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For Regional Economies, it is altering the industrial and trade geography of East and Southeast Asia, fostering closer value-creating regional production networks, while prompting mature
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