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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
BOAO, HAINAN PROVINCE, March 26 (Xinhua) — The Hainan Free Trade Port (HFTP) in south China's Hainan Province saw a sharp increase in the volume of goods shipped under the zero-tariff regime, marking one of the first achievements in the first 100 days of the island-wide independent customs operation regime, according to official data released Thursday.
Since this landmark move, the combined value of imports and exports through the Free Trade Zone has exceeded 80 billion yuan (approximately $11.6 billion), a 32.9 percent increase compared to the same period last year. Notably, 186 transactions worth nearly 1.7 billion yuan were conducted under the zero-tariff policy, a 2.46-fold increase year-on-year. The total duty-free amount was 271 million yuan.
The data was released at a press conference held the day before the 100-day mark.
On December 18 last year, China launched independent customs operations throughout the Hainan Free Trade Port (HFTP), the world's largest by area, allowing for freer entry of foreign goods, expanded zero-tariff coverage, and a more favorable business environment. -0-
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