China's Hainan FTP Promotion Event Successfully Held in Dubai

Core Viewpoint - The 2025 Hainan Free Trade Port (FTP) promotion event in Dubai aims to enhance trade and investment liberalization, fostering high-level dialogue and practical cooperation between Hainan and the UAE [1][2]. Group 1: Event Overview - The event was jointly organized by the Hainan Provincial People's Government and the Chinese Embassy in the UAE, with support from CCPIT Hainan and CCOIC Hainan [2]. - The conference featured discussions on aligning UAE's financial liberalization and cross-border trade policies with the FTP, focusing on innovative cooperation in emerging fields like AI and blockchain [3]. Group 2: Agreements and Collaborations - Hainan signed four batches of agreements with institutions from the UAE, Saudi Arabia, and other countries, covering sectors such as new energy, free trade zone development, logistics parks, automotive trade, and headquarters base development [4]. - Hainan's leadership emphasized the FTP's framework of "zero tariffs, low tax rates, and a simplified tax system" to create a market-oriented and internationalized business environment [5]. Group 3: Strategic Goals - The Chinese Ambassador to the UAE highlighted that the FTP's open policies align with the UAE's 50-Year Development Plan, aiming to set a new benchmark for China-Middle East economic and trade cooperation [6]. - Hainan is intensifying efforts to establish independent customs operations by the end of 2025 as part of its FTP development strategy [6].