Hainan Free Trade Port (FTP) will implement its island-wide special customs operations on December 18, 2025, marking a pivotal moment in China's commitment to high-standard economic openness. The upcoming launch follows recent milestones like the registration of the Xiang Tai Kou, China's first zero-tariff bareboat-chartered vessel, which entered service at Yangpu Port this month.
The Liberian-chartered semi-submersible ship demonstrates Hainan FTP's competitive edge: its zero-tariff policies saved operators over 10 million yuan ($1.4 million) in import duties and VAT exemptions. Analysts predict such measures will attract global logistics firms and strengthen Asia's maritime trade networks.
Chinese President Xi Jinping emphasized the initiative's strategic importance during a November policy review, stating it would 'accelerate cross-border flows of production factors' and establish a world-class business environment. The customs overhaul aligns with broader efforts to position Hainan as a gateway for international investment and innovation-driven growth.
With one month remaining before implementation, businesses across manufacturing, shipping, and tech sectors are preparing to leverage streamlined customs procedures and enhanced trade facilitation measures.
