Independent Customs operations to boost Hainan FTP

At a news conference in late March during the annual Boao Forum for Asia, Hainan province announced that Hainan Free Trade Port will start the preparatory work this year for achieving independent Customs operations by 2025, triggering a big wave of online and offline discussions over the issue, which experts said indicates the influence and attractiveness of Hainan FTP's building progress.

By 2025, the FTP will provide global traders benefits such as zero tariffs and other preferential policies facilitating imports and exports, while residents and consumers in the FTP will enjoy related benefits brought by smooth global trade.

Meanwhile, amid the preparation for such a mode, efforts will be made to manage trade connections between the FTP and other regions in China, which mainly target issues concerning the coherence of trade policies such as duty differential.