{"id":392885,"date":"2025-12-18T10:55:00","date_gmt":"2025-12-18T10:55:00","guid":{"rendered":"https:\/\/dailybanglanewspapers.com\/news\/china-turns-hainan-island-into-special-customs-supervision-zone\/"},"modified":"2025-12-18T10:55:00","modified_gmt":"2025-12-18T10:55:00","slug":"china-turns-hainan-island-into-special-customs-supervision-zone","status":"publish","type":"post","link":"https:\/\/dailybanglanewspapers.com\/news\/china-turns-hainan-island-into-special-customs-supervision-zone\/","title":{"rendered":"China turns Hainan Island into special customs supervision zone"},"content":{"rendered":"<p><\/p>\n<div id=\"main-body-container\" itemprop=\"articleBody\">\n<p>HAIKOU, China, Dec.  18, 2025  (GLOBE NEWSWIRE) &#8212; China on Thursday launched island-wide special customs operations in the Hainan Free Trade Port (FTP), the world&#8217;s largest FTP by area, allowing freer entry of overseas goods, expanding zero-tariff coverage and more business-friendly measures.<\/p>\n<p><iframe class=\"gnw-snippetgallery\" data-type=\"gnw-snippetgallery_en_1\" style=\"width:100%; height:600px; border:0px;\" src=\"https:\/\/www.globenewswire.com\/Tracker?data=uLCcDo9KHM185S2q9EAFBzVeiwDSaeJ-x8tN6unGARJz1AegCcHfpigdgHz5gCSgMPEBSdBebXr4XvVlIjI2rOzNInppI8F__apsuYngTt0=\" frameborder=\"0\" allow=\"autoplay; encrypted-media\" allowfullscreen=\"\"><\/iframe><\/p>\n<p align=\"center\"><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=EMhoP8UeBkq-O6QyiZiZzzmwMRgD6fj5A_Rrsl5FKuj3Jexet9UjCKf1nYVnecIC4RcbAmIUJ53mxV1LH9pe3aHfA1zWSHuU7Y_Js09Mn7YqfFjvinh1ADMrfE9QN_DBmzoj02RxIlHY40F59_o5VKl5rHCosps2aZ0CcUjT0iJn1GS5I2FeRZeri-0JpMJGQNzm-zft4VmyH4q8AYMWku0deHERa_Z7lpFkr1E2iEE=\" rel=\"nofollow\" target=\"_blank\" title=\"A Media Snippet accompanying this announcement is available by clicking on this link.\">A Media Snippet accompanying this announcement is available by clicking on this link.<\/a><\/p>\n<p>The move is widely seen as a landmark in China&#8217;s efforts to promote free trade and expand high-standard opening-up amid rising protectionism worldwide.<\/p>\n<p>Under the new arrangements, the tropical island of more than 30,000 square km has been designated as a special customs supervision zone, marking a new stage in the development of the Hainan FTP.<\/p>\n<p>There, foreign companies can benefit from a business environment more closely aligned with international standards, lower tax and production costs, broader access to service sectors like healthcare and education, and use Hainan as a platform to tap into the vast Chinese mainland market.<\/p>\n<p>Officials describe the special customs system as &#8220;freer access at the first line,&#8221; referring to freer trade between Hainan and areas outside China&#8217;s customs borders, and &#8220;regulated access at the second line,&#8221; which involves applying standard customs controls for goods moving from Hainan to the mainland.<\/p>\n<p>The share of zero-tariff products in the Hainan FTP has been raised from 21 to 74 percent, expanding the list of related items from 1,900 to over 6,600.<\/p>\n<p>Zero-tariff goods processed in Hainan may be sold to the mainland duty-free if their local processing generated an added value of 30 percent or more.<\/p>\n<p>Once an underdeveloped frontier outpost, Hainan became China&#8217;s largest special economic zone in 1988. A master plan released in 2020 set the goal of developing the island into a globally influential, high-level FTP by the middle of the century.<\/p>\n<p>Official data shows that since 2020, more than 9,600 foreign-invested enterprises have been established in Hainan.<\/p>\n<p>The launch date, Dec. 18, coincides with the anniversary of a landmark CPC meeting in 1978, widely considered the start of the country&#8217;s reform and opening-up era.<\/p>\n<p>Over recent decades, China has established 22 pilot free trade zones, eliminated foreign investment restrictions in manufacturing, and expanded market access in sectors including telecommunication, healthcare and education.<\/p>\n<p>Source: Hainan Free Trade Port<\/p>\n<pre\/><img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/NTQxNmNjYzgtMWYxNy00MjU4LWFmM2MtMmI2NzdlMDU1NTQxLTUwMDE1NjMyOS0yMDI1LTEyLTE4LWVu\/tiny\/Hainan-Free-Trade-Port.png\" referrerpolicy=\"no-referrer-when-downgrade\"\/>\n            <\/div>\n","protected":false},"excerpt":{"rendered":"<p>HAIKOU, China, Dec. 18, 2025 (GLOBE NEWSWIRE) &#8212; China on Thursday launched island-wide special customs operations in the Hainan Free Trade Port (FTP), the world&#8217;s largest FTP by area, allowing freer entry of overseas goods, expanding zero-tariff coverage and more business-friendly measures. A Media Snippet accompanying this announcement is available by clicking on this link. 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