Hainan FTP key industrial park earns 100+ billion yuan in 2021

By Li Xiang / HICN / Updated: 16:31,13-June-2022

Situated in Chengmai County in northwest Hainan, the Haikou Integrated Free Trade Zone is the first integrated free trade zone and one of three special customs supervision areas established in the province. The Free Trade Zone was set up in 2008 and began independent customs operation in 2011. In June 2020, when China released the master plan for the Hainan Free Trade Port, it was named as one of the eleven key industrial parks on the island. In 2021 it grew into a pilot zone with a special import & export management system, and in that same year the park saw total revenues of more than 100 billion yuan (about $15 billion).

Over the past few decades, the Free Trade Zone has leveraged the preferential policies of both the Hainan Free Trade Port and the special customs supervision area to develop international trade and build duty-free commodities warehousing, modern logistics, sophisticated manufacturing, and other sectors. It is now home to a number of leading enterprises in various industries, including the China Duty Free Group, LVMH, Tapestry, De Beers, Cainiao Smart Logistics Network, Kerry TJ Logistics, Jiacheng International Logistics, and more.

Aerial photo taken on June 1st shows the China Duty Free Group’s Hainan logistics center, located in the Haikou Integrated Free Trade Zone. HAINAN DAILY / GAO JUN

Photo taken on June 1st shows a staff member sorting out commodities at the Cainiao Smart Logistics Network’s Hainan processing center, located in the Haikou Integrated Free Trade Zone. HAINAN DAILY / GAO JUN

Photo taken on June 1st shows a staff member from Breas (Hainan) Medical Technology assembling medical equipment in the Haikou Integrated Free Trade Zone. HAINAN DAILY / GAO JUN



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