台商台青逐浪自贸港新机遇

Core Insights - The Hainan Free Trade Port will officially start its full island closure operation on December 18, 2023, which is expected to create significant opportunities for cooperation between Hainan and Taiwan [2] - The event highlighted the rapid development of Hainan, particularly in infrastructure and investment facilitation, attracting over 150 Taiwanese guests eager to explore business opportunities [1][2] Policy and Opportunities - Hainan's closure operation will make it the largest free trade port globally, enhancing its role as a crucial hub for international trade and investment [2] - New policies will include upgraded "zero tariff" measures, optimized processing and value-added tax exemptions, and improved personal income tax incentives, making trade management more flexible and regulatory oversight more efficient [2] - The introduction of the "30 measures to promote Hainan-Taiwan exchanges" aims to support economic collaboration across various sectors, including trade, employment, and innovation [2] Development Potential - Taiwanese businesses view Hainan as a significant strategic location due to its vast land and marine resources, despite its smaller population compared to Taiwan [4] - The shift in Taiwanese investment from agriculture to sectors like tourism, renewable energy, and e-commerce indicates a broader scope for future collaboration [4] - The establishment of the Taiwan Youth Innovation and Entrepreneurship Service Center in Hainan provides comprehensive support for Taiwanese youth looking to engage in the free trade port's development [4] Infrastructure and Investment - The city of Dongfang is highlighted for its comprehensive development across primary, secondary, and tertiary industries, featuring a first-class open port and a major airport expected to be operational by 2027 [5] - The Xiangqiong Advanced Manufacturing Industry Park, designed for Taiwanese businesses, will focus on manufacturing, medical devices, and artificial intelligence, with a total investment of approximately 1.259 billion yuan [6] - Taiwanese companies are actively seeking opportunities in Hainan, with five enterprises signing agreements to establish operations in the new industrial park during the event [6]