The Central Committee of the Communist Party of China and the State Council, China's Cabinet, recently released a master plan for the Hainan Free Trade Port. Eleven key industrial parks were unveiled on June 3, marking the start of construction of the port.
Hainan will introduce measure that centers on zero tariffs on goods in steps and phases to enable the free flow of trade, said a senior official from the Ministry of Finance.
A batch of key industrial parks were unveiled on Wednesday in China's island province of Hainan, in an effort to promote the construction of the Hainan free-trade port.
Over 20 experts from Beijing, Tianjin, and Hainan were invited to a high-end academic forum in Hainan on May 30 to share their views on the construction of Hainan Free Trade Port in the backdrop of the COVID-19 pandemic impact.
Work at construction sites in the Haikou Jiangdong New District, a new 298-square-kilometer benchmark area to promote construction of the China (Hainan) Free Trade Port, has been continuing apace.
The second phase project of the Hainan International Convention and Exhibition Center is currently in full swing and is expected to bring more opportunities for Hainan's conventions and exhibitions industry, a key part of Hainan's highlighted MICE industries.
Morning Laura, a ro-ro cargo ship packed with 430 vehicles from Qatar, arrived in Haikou on Feb 16 after a 16-day voyage and then berthed at Xiuying Port, marking the first vessel to bring parallel imported cars to Hainan Pilot Free Trade Zone.