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Hainan’s Duty-Free Reforms: A Month Later, What’s Changed?

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Hainan ⁢Free⁣ Trade Port: A Year After Full⁤ <a href="https://www.ups.com/us/en/supplychain/logistics-solutions/customs-brokerage/customs-clearance-guide" title="A Shipper's Guide to Customs Clearance | UPS Supply Chain ..." rel="noopener">Customs Clearance</a>

Hainan Free Trade Port: A year After Full Customs Clearance

One ‌year after the full implementation of customs clearance on January 1,2025,the Hainan Free Trade Port (FTP) ⁢is demonstrating critically important progress in⁤ trade,investment,and supply chain development. The move, a pivotal step in establishing ​Hainan as a globally connected economic hub, has spurred substantial growth and‍ attracted‍ considerable ‍attention ‍from both domestic and ‌international ​businesses. This article examines the​ key developments and future ‌prospects of the Hainan FTP.

The Significance⁤ of Full Customs Clearance

Full customs clearance signifies⁤ that Hainan Province has established a complete customs system, allowing for the free flow of goods, people, capital, and data. This milestone, approved​ by the State Council, marks a transition

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