Core Insights - The establishment of a full island closure operation in Hainan Free Trade Port marks the beginning of a new phase in its open development, aiming to enhance international trade and investment opportunities [1] Group 1: Policy and Regulatory Framework - Hainan Free Trade Port will implement a "zero tariff" policy for goods, expanding the list from 1,900 to approximately 6,600 items, increasing the proportion of zero-tariff goods from 21% to 74% [2] - The tax system will include a dual 15% tax incentive for enterprises and individuals, with additional exemptions for foreign direct investment income, aimed at reducing costs and fostering a modern industrial system [2] Group 2: Economic Impact and Growth - Hainan's foreign trade has shown consistent growth, with import and export values increasing from 93.63 billion RMB in 2020 to 277.89 billion RMB in 2024, representing an average annual growth rate of 31.3% [3] - The closure will attract more cross-border trade elements to Hainan, enhancing its trade scale and enabling high-end manufacturing under the "zero tariff + processing value-added tax exemption" policy [3] Group 3: Strategic Initiatives - Hainan aims to leverage its advantages in cross-border data flow and expand pilot programs for digital economy enterprises, particularly in the gaming sector [3] - The province will focus on attracting foreign investment through improved policies, industry direction, and business environment, particularly targeting ASEAN countries for deeper economic cooperation [3]
经济观察丨海南自贸港封关临近,勾勒开放新图景
Zhong Guo Xin Wen Wang·2025-10-17 02:44