The closure of Hainan Free Trade Port opens a new chapter in China's opening-up to the outside world

On December 18th, Hainan Free Trade Port officially launched the island wide lockdown. This is a landmark measure of China's unwavering commitment to expanding high-level opening-up and promoting the construction of an open world economy, opening a new chapter in China's opening-up practice.

From the establishment of special economic zones to the accession to the World Trade Organization, from the joint construction of the "the Belt and Road" to the construction of free trade pilot zones, China's pace of opening up has always been steady and strong. The closure operation of Hainan Free Trade Port is a new exploration of China's steady expansion of institutional openness in terms of rules, regulations, management, standards, etc.

The operation of customs clearance is a solid implementation of the national strategic deployment. As a carrier for exploring the highest level of openness in the world today, Hainan Free Trade Port carries the strategic mission of deepening institutional openness. From the import and export management system of "opening up the 'first line', controlling the 'second line', and allowing freedom within the island", to high-level opening up in various fields such as trade, investment, transportation, personnel, cross-border funds, and cross-border data flow, Hainan is providing valuable samples and practical experience for the whole country.

The operation of customs clearance is a cutting-edge practice of institutional integration and innovation. The construction of Hainan Free Trade Port not only involves adjustments to tariff policies, but also involves systematic reforms in areas such as investment, finance, rule of law, and government services. Hainan has launched 173 institutional innovation cases around economic, ecological, social, and business environment reforms, of which 37 have been promoted nationwide. In the future, we will plan and promote reforms from a higher starting point, and continue to promote the integration of rules, management coordination, and efficiency improvement, continuously improving the policy and institutional system of free trade ports.

The operation of closing the border further strengthens the cooperation bond between China and the world. A new Hainan with more free and convenient trade and investment, and more efficient factor flow, will attract more global resources to converge and promote regional economic integration development. This is an important bridge for sharing opportunities and common development with the world. In the complex and ever-changing international environment, China is firmly committed to deepening mutually beneficial cooperation, and the door to opening up to the outside world will not be closed, but will only become wider and wider.

Promoting the construction of Hainan Free Trade Port is a complex and systematic project. The innovation of regulatory models, the improvement of risk prevention and control systems, and the coordinated implementation of various policies all need to be steadily promoted through exploration. We need to firmly implement policies with the spirit of nailing nails, coordinate development and security, take steady steps, ensure smooth operation and implementation of various policies, continuously release effects, and form a strong force to promote reform and opening up.

The tide surges and thousands of sails compete in the South China Sea, and the wind is just the time to set sail. Hainan Free Trade Port, this promising land, is inviting the world to join in a future of openness and development with a new attitude, sharing development opportunities and creating a better future together.