Free Trade Port
China launches island-wide customs operations in Hainan free trade port
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China has launched island-wide special customs operations in the Hainan Free Trade Port, allowing freer entry of overseas goods, expanded zero-tariff coverage, and more business-friendly measures. This move is widely seen as a landmark step in China's efforts to promote free trade and high-standard opening-up amid rising global protectionism. The first batch of zero-tariff petrochemical materials has cleared customs, signaling the start of a new phase.
On December 19, China's Hainan Free Trade Port launched island-wide special customs operations, with a bulk carrier carrying 179,000 metric tons of petrochemical raw materials becoming the first zero-tariff import at Yangpu port. At the same time, Haikou Meilan International Airport shipped the first batch of duty-exempt chocolates, marking the full implementation of the initiative.