#Hainan Free Trade Port #Hainan Province #Liu Xiaoming

Hainan's Journey Toward International Trade Evolution

In a recent exclusive discussion with CGTN, Governor Liu Xiaoming of Hainan Province shed light on the significant milestones being reached in the establishment of the Hainan Free Trade Port (Hainan FTP). This initiative signifies not only a crucial step in Hainan's development but also a concrete commitment to becoming a leader in global trade. Adjustments to the customs framework are set to align with international practices, promising a transformative economic landscape.

Major Milestone: Independent Customs Operations

The impending implementation of independent customs operations within the Hainan FTP stands as a pivotal advancement outlined in the region’s Master Plan. Governor Liu expressed enthusiasm about this transformative change, emphasizing that the establishment of these operations is designed to enhance trade efficiency while ensuring regulatory control remains intact. Contrary to misconceptions of isolation, the customs model encourages open lines for trade while regulating incoming and outgoing goods, thereby creating a balanced environment conducive for international commerce.

This effort has received high-level support, including reaffirmation from President Xi Jinping, highlighting its significance. Preparations for this transition are reportedly progressing well, indicating that Hainan is on track to fulfill its commitments by the year's end.

Pioneering a Business-Friendly Environment

Hainan is also focused on improving its business environment, which Liu Xiaoming has dubbed a