Guo Wenqin Talks About the Path Forward for Hainan Free Trade Port Opening-up

Half a year after Hainan Free Trade Port began its closure operation, the open economy has shown a relatively clear growth trend. Guo Wenqin, deputy dean of the Hainan Free Trade Port Research Institute, said in an interview with China News Service that as core policies such as "zero tariffs" are gradually being rolled out, Hainan has made progress in attracting businesses, expanding foreign investment, and boosting industrial vitality. According to the introduction, since the closure operation began, the import value of Hainan's "zerotariff" goods has increased significantly year on year, and the policy of tariff exemption on processed valueadded goods has also helped enterprises reduce costs. At the same time, the number of newly established business entities and foreignfunded enterprises in Hainan has increased, and the share of leading industries such as tourism, modern services, hightech, and tropical特色 efficient agriculture in GDP has continued to rise, demonstrating the resilience of the open economy. Guo Wenqin believes that in the next step, Hainan should continue to advance reform around institutional openingup, including implementing the overall plan for the free trade port and related laws, further advancing the implementation of policies such as "zero tariffs, low tax rates, and a simplified tax system," and strengthening the alignment of crossborder service trade, financial openingup, and digital economy rules. She also pointed out that Hainan can leverage its geographic location and policy advantages to play a more important hub role in China’s cooperation with RCEP and ASEAN, as well as in linkages with the GuangdongHong KongMacao Greater Bay Area.