Latest news with #50-YearDevelopmentPlan
Yahoo
21-05-2025
- Business
- Yahoo
China's Hainan FTP Promotion Event Successfully Held in Dubai
HAIKOU, China, May 21, 2025 (GLOBE NEWSWIRE) -- On May 19, the 2025 Hainan Free Trade Port (FTP) promotion event, focusing on the liberalization and facilitation of trade and investment, was held in Dubai. Jointly organized by the Hainan Provincial People's Government and the Chinese Embassy in the UAE, with support from the China Council for the Promotion of International Trade Hainan Provincial Committee (CCPIT Hainan) and the China Chamber of International Commerce Hainan Chamber of Commerce (CCOIC Hainan), the event aimed to facilitate high-level dialogue and practical cooperation. H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, stated that the UAE will actively align with the FTP's financial liberalization and cross-border trade facilitation policies, exploring innovative cooperation models in emerging fields such as AI and blockchain. UAE delegates at the conference expressed full confidence in the prospects of bilateral cooperation, stressing that governments, industrial parks, and trade promotion agencies of both sides should play an active role in advancing bilateral economic and trade collaboration. During the conference, Hainan signed four batches of agreements with institutions from the UAE, Saudi Arabia, and other countries, covering new energy, free trade zone development, logistics parks, automotive trade, and headquarters base development. Hainan provincial leadership underscored that after the customs closure, the FTP will adopt a framework centered on "zero tariffs, low tax rates, and a simplified tax system" to cultivate a market-oriented, law-based, and internationalized business environment. They highlighted the importance of deepening cooperation with the UAE in areas like the digital economy and green energy. Chinese Ambassador to the UAE Zhang Yiming noted that the FTP's open policies closely align with the UAE's 50-Year Development Plan, adding that bilateral collaboration will set a new benchmark for China-Middle East economic and trade cooperation. Hainan is intensifying efforts to build itself into a free trade port (FTP), aiming to establish independent customs operations by the end of 2025. Source: CCPIT Hainan CONTACT: Contact person: Ms. Fu, Tel: 86-10-63074558
Yahoo
20-05-2025
- Business
- Yahoo
Hainan Free Trade Port-UAE Promotion Conference Held in Dubai
HAIKOU, China, May 20, 2025 /PRNewswire/ -- A report from Hainan International Media Center (HIMC): On May 19, the 2025 China Hainan Free Trade Port-UAE Promotion Conference was successfully held in Dubai. Over 250 government and free trade zone participants from the UAE and Hainan, along with business leaders and media representatives, attended the event. The focus was on trade and investment liberalization and facilitation, encompassing cooperation in sectors such as new energy, finance, biopharmaceuticals, healthcare, and agarwood, injecting strong momentum into the establishment of the Hainan FTP as an innovative hub for China-UAE economic and trade relations. In his opening address, Feng Fei, Secretary of the CPC Hainan Provincial Committee highlighted the province's firm commitment to creating a free trade port with a market-oriented, law-based, and internationalized business environment and "zero tariffs, low tax rates, and a simplified tax system" at its core. He further emphasized that Hainan would focus on promoting in-depth cooperation with the UAE in the digital economy and green energy. Chinese Ambassador to the UAE Zhang Yiming pointed out that the open policies of the Hainan FTP are highly consistent with the UAE's "50-Year Development Plan," and the cooperation between the two sides will set a new benchmark for China-Middle East economic and trade cooperation. Abdulla Al Saleh, Under-Secretary of Foreign Trade and Industry at the UAE Ministry of Economy, said that the UAE will actively link in with the Hainan FTP's financial liberalization and cross-border trade facilitation policies and jointly explore innovative cooperation models in cutting-edge fields such as artificial intelligence and blockchain. Dr. Ali M. Al-Khouri, Secretary-General of the Office of the Deputy Prime Minister and Minister of Interior of the UAE and Chairman of the Arab Federation for Digital Economy, Marwan Al Marri, Regional Director of Asia from Dubai Chambers, and Omar Al Muhairi, Senior Vice President for Government Affairs at DP World Group, expressed their confidence in the cooperation prospects between the UAE and the Hainan FTP. At the event, the Hainan Provincial Bureau of International Economic Development provided a systematic breakdown of the advantageous policies and development opportunities of the Hainan FTP. Meanwhile, Hainan Provincial Financial Supervision and Administration Bureau and the Danzhou Municipal Government conducted thematic presentations on financial opening pilot initiatives, cross-border capital flows, and new investment opportunities in the Danzhou-Yangpu Economic Circle, respectively. In a bid to promote bilateral cooperation, representatives from Mingyang Group, Qilu Pharmaceutical, Mellser International Medical Center, and the Hainan Agarwood Industry Association shared information about Hainan's distinctive industries, specialty products, and plans to expand into the Middle Eastern market. During the meeting, Hainan signed four strategic cooperation agreements with enterprises from the UAE and Saudi Arabia, covering new energy, logistics parks, automobile trade, and headquarters base construction. A business negotiation session was arranged after the meeting, during which representatives of more than 100 Chinese and Arab companies met and laid the groundwork for future cooperation. View original content to download multimedia: SOURCE Hainan International Media Center (HIMC) Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
