BEIJING, Dec 19 (Bernama-GLOBE NEWSWIRE) — China on Thursday launched island-wide special customs operations in south China’s Hainan Free Trade Port (FTP), the world’s largest FTP by area, allowing freer entry of overseas goods, and expanded zero-tariff coverage and more business-friendly measures.
Hearing a work report on the FTP in early November, Chinese President Xi Jinping hailed the special customs operations as a landmark move to expand high-standard opening up and promote an open world economy. He called for efforts to better facilitate cross-border flows of factors of production and strive to create a first-rate business environment.