China turns Hainan Island into special customs supervision zone in
Under the new arrangements, the tropical island, covering more than 30,000 square km and about a 1.5-hour flight from Hong Kong, has been designated a special customs supervision zone.
China''s Hainan Free Trade Port to offer rich opportunities to the world
In Hainan, raw materials can be imported tariff-free, and income tax rates are lower. If the processed goods are later sold to the Chinese mainland, they can still enjoy zero tariffs.
HAINAN FREE TRADE PORT
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.
Xinhua Headlines: Hainan Free Trade Port to officially launch island
A number of policies introduced in the Hainan FTP have been effectively implemented, focusing on the areas of "zero tariffs, low tax rates and a simple tax system," as well as the free and convenient flow
Expert insight: Hainan FTP to boost deeper global trade integration
The construction of a free trade port in Hainan presents the opportunity of a pilot site for a version 3.0 of the free trade area between China and ASEAN and even more opportunities for
China''s Hainan Free Trade Port heralds new era of 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
Hainan Free Trade Port International Services
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Why Hainan Free Trade Port stands out
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
Hainan FTP: China''s first free trade port (FAQs)
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
Hainan Free Trade Port Launches Island-wide Special Customs
China unveiled the master plan for the Hainan FTP in 2020, aiming to build the island into a free trade port with Chinese characteristics by 2025 and a mature, internationally competitive...