4 FAQs about Emergency Hainan Free Trade Port Communication Power Supply Cabinet Fixed

Will Hainan become a free trade port?

A crucial player in the expansion of the China-ASEAN Free Trade Area. These developments align with the master plan released in June 2020 to transform Hainan into a globally influential free trade port by the mid-21st century. Since the launch of the FTP initiative in 2020, Hainan has experienced a surge in foreign trade activities:

Why is Hainan a high-openness hub?

Hainan's island-wide customs closure marks a structural shift in Asia-Pacific trade and manufacturing, positioning the Free Trade Port as a high-openness hub reshaping regional supply chains and competitive dynamics.

Is Hainan a free trade zone?

China already has 22 free trade zones (FTZs), but Hainan represents a fundamentally different level of openness. Most FTZs are limited to specific urban areas and focus on upgrading local industries. Hainan has transformed an entire island into a unified free trade port, with its own customs, tax and regulatory system.

How has Hainan benefited from the FTP initiative?

Since the launch of the FTP initiative in 2020, Hainan has experienced a surge in foreign trade activities: Over 70,000 new foreign trade companies have been registered. These businesses have significantly contributed to the province's growing role in international trade.

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