Latest news with #HainanFreeTradePort
Yahoo
27-05-2025
- Business
- Yahoo
Osaka World Expo's Hainan Week showcased the boundless potential of the Free Trade Port
CCPIT Hainan Provincial Committee HAIKOU, China, May 26, 2025 (GLOBE NEWSWIRE) -- The Hainan Week, themed "Towards Green Growth, Open and Shared," was held at the World Expo's China Pavilion in Osaka, Japan, on May 23-25, 2025, at which the successes and opportunities of the Hainan Free Trade Port to the world were well presented. A Media Snippet accompanying this announcement is available in this link. During the event, Hainan launched investment and trade activities in Tokyo, Osaka, and Hyogo, introducing the policies and industries of the Free Trade Port and facilitating partnerships between Hainan and Japanese enterprises. The China Council for the Promotion of International Trade (CCPIT) Hainan Provincial Committee, the China Chamber of International Commerce (CCOIC) Hainan Chamber of Commerce, and the Chinese Chamber of Commerce in Kansai of Japan inked a memorandum -- the three parties will give full play to their respective advantages to support exchanges and cooperation between the two places. In addition, Japan's Taopin International Co., Ltd. joined hands with the Hainan Smart Eco-Industry Park Group to co-establish the Hainan Global Exhibition Center so that more health, biomedicine, elderly care, new materials, and artificial intelligence projects can be landed in Hainan. To offer visitors a tangible glimpse into the province's intangible cultural heritage, also exhibited at Hainan Week were Li ethnic group accessories, Li brocade, creative products, performances of the Li dyeing, weaving, and embroidery skills, applications of Hainan agarwood, and many more. Nobuhiko Sasaki, president of the Japan-China Economic Association, pointed out that as China's only free trade port, Hainan has long attracted attention from all walks of life. He hoped that this event can allow global friends to further discover opportunities. His association is geared up to deepen ties between the Japanese business community and Hainan. In recent years, Hainan and Japan have achieved fruitful collaborations in a wide range of fields, such as medical care, modern agriculture, and the digital economy. In 2024, Hainan's utilized Japanese investment increased by about 54% year-on-year, while at least 100 Japanese companies registered in Hainan. This year, direct flights from Haikou to Tokyo and Osaka have been opened, making business and cultural exchanges convenient. According to Lin Chunhong, vice president of the CCPIT Hainan Provincial Committee and the CCOIC Hainan Chamber of Commerce, the committee plans to leverage the resources of investment promotion, international economic liaison, legal services, etc., to build a business platform for Japanese enterprises and provide them support across the board. Source: CCPIT Hainan Provincial Committee CONTACT: Contact person: Ms. Fu, Tel: 86-10-63074558
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
