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On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
The Ministry of Commerce will make more efforts to support Hainan in aligning with high-standard international economic and trade rules, enhancing institutional openness, and fostering new growth drivers through targeted measures, Jiang said.
HAIKOU, China, Dec. 18, 2025 /PRNewswire/ -- A report from Hainan International Media Center: China's southern island province of Hainan officially launched island-wide special customs operations on Thursday, a key step in developing the Hainan Free Trade Port (FTP) into a globally influential high-level free trade zone by the mid-century.
With a zero-tariff system fundamentally in place after the independent customs operation, high-quality global resources can flow into Hainan with greater freedom and efficiency, Wu said. Trade liberalization and facilitation are defining features of a free trade port.
Energy-efficiency measures, such as installing LED lighting in St Peter's Basilica and transitioning to digital document management, have been implemented to reduce energy consumption and paper use. These efforts reflect the Vatican's commitment to the vision of Pope Francis's encyclical Laudato si' and the Apostolic Exhortation Laudate Deum.
They feature some of the world's most famous paintings and sculptures. The economy of Vatican City is supported financially by donations from Catholic believers, by the sale of postage stamps and souvenirs, fees for admission to museums, and sales of publications. Vatican City has no taxes, and items are duty-free.
"Vatican should bring money-laundering cases to trial, watchdog agency says". Reuters. Archived from the original on 2 June 2019. Retrieved 29 June 2019. ^ Perryer, Sophie (20 November 2018).