Core Insights - The Hainan Free Trade Port is set to officially launch its full island customs closure on December 18, attracting significant global media attention [2] - Preparations for the customs closure are progressing smoothly, with foundational conditions already in place, including the establishment of key policy frameworks and completion of necessary infrastructure [2][3] Group 1: Customs Closure Preparations - The overall progress for the full island customs closure is on track, with essential policy systems established, including import tax item catalogs and tax policies for goods circulation [2] - Infrastructure is fully constructed, with eight open ports and ten "second-line ports" completed, alongside 64 anti-smuggling enforcement stations operational [2] - Continuous pressure testing is being conducted to ensure effective policy implementation and risk management, with comprehensive drills planned as the closure date approaches [2] Group 2: Economic Development Strategies - Hainan will implement four major projects to integrate its economy into the global supply chain, focusing on digital economy, finance, logistics, and strategic industries like biomedicine and clean energy [3] - The "Industry Construction" project aims to develop cross-border financial ecosystems and enhance international data services [3] - The "Industry Renewal" project will focus on strategic industries such as high-end food manufacturing and marine resource development [3] Group 3: Trade Advantages and International Cooperation - The Hainan Free Trade Port will enhance trade with "Global South" regions by increasing the proportion of zero-tariff goods from 21% to 74% post-closure, reducing export costs for these countries [4] - Hainan's geographical advantage allows for the implementation of high-level open policies, including tax exemptions for goods processed in Hainan that exceed 30% value addition [4] - From 2020 to 2025, Hainan's investment in Southeast Asia is projected to reach $5.4 billion, indicating a strengthening of economic ties with "Global South" nations [4]