Hainan Free Trade Port (FTP), located on the southern island off the coast of the Chinese mainland, will officially launch island-wide special customs operations this Thursday (December 18). 🚀
At its core is a two-tiered customs system to cut barriers and speed up trade. Think of it as three zones: freer access at the first line, regulated access at the second line, and free flow inside the island.
The first line covers eight entry ports connecting with overseas markets. Most imported goods will enjoy zero tariffs and lightning-fast clearance – a major win for e-commerce sellers and startups shipping to and from Asia. 📦⚡
The second line spans 10 ports that mark the customs boundary with the Chinese mainland. Here, standard inspections ensure fairness and curb smuggling, keeping the trade ecosystem clean and transparent.
For South and Southeast Asian businesses and shoppers, this could mean smoother supply chains and fresher product offerings – from Indian handicrafts to Thai cosmetics. Get ready for faster deliveries and lower costs! 💡🌏
With just a few days to go, set your countdown and stay tuned as Hainan FTP reshapes regional trade on December 18. It's time to ride the wave of freer and faster commerce! 🌊
Reference(s):
Things to know about Hainan FTP island-wide special customs operations
cgtn.com
