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zero-tariff policy expansion

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2025
DATE
07 - 25
Hainan Free Trade Port: Key Facts About the Island-Wide Customs Closure
1. What is "Customs Closure"?Definition: Hainan will become a special customs supervision zone under the principle of "First Line Open, Second Line Controlled, Island-Wide Freedom"14.First Line (Open): Free movement of goods, capital, and personnel between Hainan and global markets.Second Line (Cont
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2025
DATE
07 - 25
Hainan Island Customs Closure: Not Isolation, But an Upgrade in Openness
Hainan’s island-wide customs closure (effective 2025) establishes a special customs supervision zone, boosting free trade with "zero-tariff" expansion (6,600 tax items, 74% coverage) while maintaining open travel.
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