# @cgtneurope on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DSaSIQ_Fm0P
- **Gondola URL:** https://gondola.cc/posts/38053699-cgtneurope-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/34d1617acf.jpg
- **Posted:** 2025-12-18T15:58:56.000+00:00
- **Account Owner:** CGTN Europe (@cgtneurope) — https://gondola.cc/cgtneurope

## Caption

China on Thursday launched island-wide special customs operations in the Hainan Free Trade Port (FTP), the world's largest FTP by area, allowing freer entry of overseas goods, expanding zero-tariff coverage and more business-friendly measures.⁣
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The move is widely seen as a landmark in China's efforts to promote free trade and expand high-standard opening-up amid rising protectionism worldwide.⁣
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Under the new arrangements, the tropical island of more than 30,000 square km has been designated as a special customs supervision zone, marking a new stage in the development of the Hainan FTP.⁣
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There, foreign companies can benefit from a business environment more closely aligned with international standards, lower tax and production costs, broader access to service sectors like healthcare and education, and use Hainan as a platform to tap into the vast Chinese mainland market.⁣
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The share of zero-tariff products in the Hainan FTP has been raised from 21 to 74 percent, expanding the list of related items from 1,900 to over 6,600.⁣
Zero-tariff goods processed in Hainan may be sold to the mainland duty-free if their local processing generated an added value of 30 percent or more.⁣
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#HainanFreeTradePort #HainanFTP #ChinaEconomy #FreeTrade

## Stats

- **Views:** 0
- **Likes:** 322
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- **Comments:** 7

## Tags

hainanftp, hainanfreetradeport, chinaeconomy, freetrade

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