Core Insights - Free trade zones (FTZs) are increasingly recognized for their role in promoting economic growth and trade connectivity amid global economic challenges [1][3] - The 11th World Free Trade Zone Organization Conference highlighted the need for FTZs to adapt and innovate in response to technological advancements and changing trade dynamics [1] Group 1: Role and Advantages of Free Trade Zones - FTZs provide tax incentives and aim to create resilient ecosystems that enhance business competitiveness through digital platforms, market diversification, and optimized logistics [1] - The development of FTZs is seen as a key driver for deeper regional economic integration, potentially creating the second-largest regional market globally, following the Regional Comprehensive Economic Partnership (RCEP) [1] Group 2: Case Studies and Best Practices - Dubai has successfully transitioned from oil trade to service trade, attracting over 60,000 companies in the past five years by offering tailored policies for various industries [2] - Malaysia's Port Klang FTZ supports foreign SMEs by providing small storage facilities and logistics services, along with dedicated agencies to assist in government engagement and policy interpretation [2] - The use of advanced technologies like IoT and AI is becoming central to the efficient operation of FTZs, as demonstrated by Uruguay's Zonamerica, which integrates these technologies into its digital ecosystem [2] Group 3: Developments in Hainan Free Trade Port - Hainan Free Trade Port is set to implement a zero-tariff policy and more flexible trade management measures starting December 18, enhancing its role in global FTZ development [3] - The port aims to contribute a "Chinese solution" to global FTZ construction, promoting deeper institutional openness and alignment with international trade standards [3] - The operational launch of Hainan Free Trade Port is expected to strengthen the global FTZ network, facilitating data sharing and rule benchmarking to boost regional free trade [3]