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Hainan free trade port sees notable outcomes from special customs operations

China

China

China

Hainan free trade port sees notable outcomes from special customs operations

2026-03-08 20:17 Last Updated At:03-09 12:00

South China's island province of Hainan, with its Free Trade Port (FTP), has seen a significant increase in foreign investment, tourism, and consumption since the launch of wide special customs operations in December last year, according to Hainan officials.

The separate customs operations, featuring freer entry of overseas goods, broader zero-tariff coverage, and more business-friendly measures in the FTP, are seen as a landmark in China's efforts to promote free trade and expand high-standard opening-up amid rising protectionism worldwide.

The officials, who are deputies to the National People's Congress (NPC) attending the fourth session of the 14th NPC, scheduled for March 5 to 12, expounded on the FTP's development at a meeting in Beijing on Saturday.

"So far, the number of newly registered entities benefiting from the policy has exceeded 11,000 and maintained a steady growth, while the imports of goods have increased by 1.55 times year on year. The number of newly added foreign-funded enterprises and registered foreign trade enterprises has increased by 30 percent and 74 percent, respectively. The number of inbound and outbound travelers through open ports has increased by 35.1 percent to 653,000. Among them, the number of visa-free arrivals reached 158,000, an increase of 53.7 percent. The sales under the offshore duty-free policy have risen by 30.9 percent," said Feng Fei, secretary of the Communist Party of China (CPC) Hainan Provincial Committee.

Hainan is becoming an international tourism and consumption center, with sales under the offshore duty-free policy reaching 4.86 billion yuan (about 704.68 million U.S. dollars), according to officials.

In February this year, China introduced a zero-tariff policy on certain imported goods for residents' consumption in the Hainan Free Trade Port. Each eligible resident is granted an annual duty-free shopping quota of 10,000 yuan, with no limit on the number of purchases.

The Boao Lecheng International Medical Tourism Pilot Zone (Boao Hope City) introduced over 100 innovative international drugs and medical devices and received 865,000 medical tourism trips in 2025.

The officials noted that Hainan has become the place with the lowest cost of importing raw materials or production equipment in the international market, thanks to its zero-tariff policies.

At present, the proportion of tariff product lines with zero tariffs in the Hainan FTP has reached 74 percent, and its zero-tariff policies also cover value-added tax and consumption tax on imports and manufacturing.

"What we are most concerned about now is to continue to shorten the list of taxable goods, raising the proportion of tariff lines with zero-tariff products from 74 percent to 90 percent, in line with advanced international free trade zones. Meanwhile, we will steadily advance the sales tax reform, further simplify the tax system, and reduce the tax burden," said Cai Qiang, secretary-general of the Hainan Provincial Government.

The Hainan FTP was mentioned twice in this year's government work report, saying that China will take solid steps to develop it. This is also the eighth consecutive year the FTP has been mentioned in the report.

Hainan free trade port sees notable outcomes from special customs operations

Hainan free trade port sees notable outcomes from special customs operations

Farmers in India, a major agricultural producer and fertilizer importer, are raising concerns over fertilizer availability ahead of the planting season, as the escalating Middle East conflict and disruptions to shipping through the Strait of Hormuz put global supplies at risk.

The Middle East serves as both a vital energy hub and a major global fertilizer supplier, yet the ongoing U.S.-Israeli war with Iran has heightened risks of disruption to international supplies.

Chand Singh Yadav, a farmer in Haryana, a northern Indian state, said poor crop yields would be disastrous for the country and called on the government to ensure adequate supplies of fertilizers, agrochemicals and seeds to prevent a food crisis. "Without fertilizers, our crops will not grow well, and this would be disastrous for the entire country. If farmers cannot grow crops, people will not be able to buy food in the market. We urge the government to improve the supply system for fertilizers, agrochemicals and seeds to prevent the country and society as a whole from sliding into a food crisis," he said.

The Indian government is stepping up subsidies for farmers and optimizing fertilizer distribution and allocation to stabilize the supply. Prices have remained broadly stable, but demand is expected to surge ahead of the planting season, potentially exacerbating supply pressures.

"The current situation is worrying for us farmers. Spring sowing has not yet started, and the rainy season has not arrived. Fertilizer prices are temporarily stable, but in two months, demand for agricultural fertilizers will become pressing. Without fertilizers, it will be difficult to properly cultivate various types of crops. Urea and diammonium phosphate are especially critical. Crops can only grow normally when these fertilizers are applied. As these fertilizers are largely imported, if the conflict persists, supplies cannot be guaranteed," said Santosh Mishra, a farmer in India's eastern state of Odisha.

Escalating Middle East conflict strains India’s fertilizer supply

Escalating Middle East conflict strains India’s fertilizer supply

Escalating Middle East conflict strains India’s fertilizer supply

Escalating Middle East conflict strains India’s fertilizer supply

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