Hainan FTP sees rapid growth as key policies take effect

Hainan Free Trade Port (FTP) has achieved significant progress in the current year, with strong growth in trade, investment and connectivity.

The local Yangpu Port reported a 28.75 percent year-on-year surge in cargo throughput in the first half of 2025, highlighting the thriving maritime activity.

Air travel has also expanded, with 77 international flight routes now operating and visa-free entry extended to visitors from 85 countries. Foreign arrivals reached 663,000 in the first six months, up 48 percent year-on-year.

Hainan has aligned its policies with high-standard global trade rules, establishing a framework centered on "five freedoms and one orderly flow". Market access has been eased in over 20 sectors  -  including finance, education and healthcare - attracting investment from 176 countries and regions.

Trade liberalization has advanced, with zero-tariff lists expanded to cover 653 raw materials, 122 transport vehicles and yachts, as well as additional production equipment. Since implementation, zero-tariff imports have totaled 24.16 billion yuan ($3.37 billion), saving 4.68 billion yuan in taxes.

A value-added tax exemption policy, initially piloted in Yangpu, now applies across the entire FTP.

Preparations for island-wide independent customs operations are nearing completion, with 31 key projects and infrastructure at eight open ports and 10 secondary ports ready. In fact, testing and drills are underway for a smooth transition.

Furthermore, Hainan plans further policy refinements to lower barriers and expand benefits, reinforcing its role as a globally competitive free trade hub.

With continued reforms and innovation, Hainan is accelerating its transformation into a high-level FTP, deepening global economic integration.