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Hainan Expands Zero-Tariff Products, Boosts Duty-Free Sales 85%

1/3/2026

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Summary

Story summary

Hainan's Free Trade Port (FTP) launched island-wide special customs operations on December 18, expanding its zero-tariff product coverage from 21% to 74%.
The move aims to position Hainan as a strategic hub for trade and investment, especially with ASEAN countries.
Duty-free sales surged to yield revenue that rose 85% on the first day.
Analysts say geographic advantages and innovations could attract foreign investment and advance broader reforms.

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Story summary

Hainan's Free Trade Port (FTP) launched island-wide special customs operations on December 18, expanding its zero-tariff product coverage from 21% to 74%.
The move aims to position Hainan as a strategic hub for trade and investment, especially with ASEAN countries.
Duty-free sales surged to yield revenue that rose 85% on the first day.
Analysts say geographic advantages and innovations could attract foreign investment and advance broader reforms.