Core Insights - Hainan Free Trade Port has shown significant growth since the release of its overall construction plan in June 2020, with a remarkable increase in trade and foreign enterprises [1][2][3] Trade and Economic Growth - In 2020, the total import and export value of goods in Hainan was 93.3 billion yuan, projected to reach 277.65 billion yuan by 2024, indicating a substantial growth trajectory [1] - The number of registered foreign trade enterprises in Hainan surged from 7,969 in 2020 to over 77,000 by May this year, a 9.7-fold increase [1] Customs and Policy Initiatives - Hainan Customs has implemented zero tariffs on raw materials, self-use production equipment, and yachts, with a cumulative import value of 22.69 billion yuan and tax reductions of 4.32 billion yuan [1] - The introduction of a rapid customs clearance model for seedling imports has reduced clearance time from approximately 15 days to 1-2 days, improving seedling survival rates to over 95% [2] Business Environment Optimization - A total of 22 measures have been introduced to optimize the business environment at ports, alongside 10 measures to upgrade tourism consumption and 15 measures for facilitating exhibition goods clearance [3] - The average customs clearance time for imports has been reduced to 2.92 hours, positioning Hainan among the top in the nation [3] Strategic Development and Future Plans - The customs authority is focusing on the construction of "second-line ports" and has launched a smart regulatory platform, with 10 key projects for customs operation support already in use [4] - A risk prevention system is being established, including nine risk identification models, to enhance border security and support Hainan's strategic positioning as a key international trade hub [4]