HAIKOU, China, May 21, 2025 — A Hainan Free Trade Port (FTP) promotion event, highlighting trade and investment liberalization and facilitation, took place in Dubai on May 19, 2025.
The event, a joint effort by the Hainan Provincial People’s Government and the Chinese Embassy in the UAE, with support from CCPIT Hainan and CCOIC Hainan, sought to foster high-level dialogue and practical cooperation.
H.E. Abdullah Ahmed Al Saleh, Undersecretary of the Ministry of Economy, stated the UAE’s commitment to aligning with the FTP’s financial liberalization and cross-border trade facilitation policies, exploring innovative cooperation in AI and blockchain. UAE delegates expressed confidence in bilateral cooperation, emphasizing the role of governments, industrial parks, and trade promotion agencies in advancing economic and trade collaboration.
During the conference, Hainan inked four sets of agreements with institutions from the UAE, Saudi Arabia, and other nations, spanning new energy, free trade zone development, logistics parks, automotive trade, and headquarters base development.
Hainan provincial leaders emphasized that post-customs closure, the FTP will operate under a framework of “zero tariffs, low tax rates, and a simplified tax system” to create a market-oriented, law-based, and internationalized business environment. They stressed 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 the alignment of the FTP’s open policies with the UAE’s 50-Year Development Plan, adding that bilateral collaboration will establish a new standard for China-Middle East economic and trade cooperation.
Hainan is increasing its efforts to establish a free trade port (FTP), with the goal of independent customs operations by the end of 2025.
Source: CCPIT Hainan
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