The Hainan Free Trade Port in south China’s Hainan Province released six new institutional innovation cases on Feb. 19, 2025.
The six cases include: the expansion of the exemption of import tariffs on domestic sales of goods with added value from processing in the Yangpu Bonded Port Area to the whole Hainan Island, a new model for the special approval of imported plant propagation materials, innovations in offshore duty-free supervision and services, a “Credit + Smart” integrated service at seaports, full coverage of the enterprise integrated service platform on the Hainan Island, and the “Five-in-One” reform for foreign-invested enterprise registration.
In recent years, Hainan has introduced 158 institutional innovation cases in 19 batches, aligning with international trade and economic standards while supporting industrial development.