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For years,Hainan,China's southernmost island province,has been an
attractive tourist destination for people around the world because of its pleasant
environment.Beginning this year,the beautiful island will have a new identity
an open and distinctive free trade port.
The Hainan Free Trade Port will serve as a special functional economic area
and its level of openness will be better than any other port in the world.Products
and funds from abroad will have free access to the port,and most goods will be
duty-free.The decision shows China's willingness to further open up to the
world.
The province of Hainan was founded in 1988.Later it became an appointed
special economic (SEZ)to attract foreign investment.In 1992,the Yangpu
Economic Development Zone,which was the first area in China to be
comprehensively developed by foreign investors,was established.After eight
years,in 2000,Hainan took the lead in carrying out a policy of visa on arrival.In
the following years,a series of similar initiatives have been implemented for
Hainan's continuous development,including a pilot zone for free trade founded in
2018.
Apart from an attractive landscape.Hainan's industrial structure features
tourism and modern services.Not only will they become the highlights of the free
trade port,but also they are in line with the rapid trade growth in global services
as well as the development of many ports toward the service sector.In addition.
as a free trade zone and port at provincial level,Hainan has a satisfying scale and
full experience.All these advantages will enable Hainan to become a global trade
center.
From SEZ to free trade pilot zone,and now today's free trade port.Hainan's
development and its determination to build an open economy are evident to all.
It's hoped that it will seize the chance of free trade and attract more business and
experienced professionals from around the world