- Hainan Province will complete its formal customs closure on 18 December 2025, becoming China’s first Free Trade Port (FTP).
- The Hainan FTP will be China’s most open economic zone, surpassing existing Free Trade Zones with unprecedented liberalization policies.
- The entire island will become a single customs-sealed zone, offering significant tax exemptions on imports and special duty-free policies for goods processed locally.
- Hainan FTP will feature highly liberalized business conditions, including free market entry for foreign investment, freer capital flows, and duty-free imports for local manufacturing.
- The upgrade aims to make Hainan competitive with global free trade hubs like Hong Kong and Singapore.
Source: wts.cn
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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