Hainan free trade port will be the world’s largest, far bigger than Hong Kong, Singapore and Dubai after the completion. The advantage Hainan free trade port lies in its free trade port islands, which are mainly serviced by tourism. Its characteristic lies in the fact that it is not a free trade zone with logistics as its main body, but a free trade zone with human flow as its main body; it is not driven by logistics. Flows, information flow, and talent flow are free trade zones that use the flow of people to drive the flow of specialty goods, capital, and information.
Advantages of Hainan Free Trade Port
The vast majority of free trade zones in the world are based on processing, manufacturing, low taxes or duty-free import and export trade. However, Hainan itself does not have a commodity trading base that combines modern technology and industry with two-way communication.
Therefore, the advantage of Hainan’s establishment of a free trade port lies in the fact that it is a service trade free island with tourism as the main body. Its characteristic lies in the fact that it is not a free trade zone with logistics as its main body, but a free trade zone with human flow as its main body; Drive capital flow, information flow, and talent flow, but use the flow of people to drive the free trade zone of commodity flow, capital flow, and information flow. This “people flow” is the main body of tourism and service economy - tourists.
Tourism is undoubtedly a dominant industry in Hainan. It has China’s first-rate, world-class tropical islands, beaches and marine tourism resources. It has the best and world-class air, sunshine and longevity ecological environment in China. It has geography that can be freely accessed by Chinese and foreign international tourists. surroundings. The orientation of tourism as the leading industry and pillar industry in Hainan’s social and economic development is correct.
Today, the central government’s determination of Hainan’s overall goal of establishing a free trade zone and a free trade port not only lays down a scientific blueprint for the full realization of modernization in Hainan, but also lays a solid foundation for the comprehensive, high-quality, sustainable development of the tourism industry. The ills of tourism development are expected to be cured.
Hainan “should focus on the development of modern service industries such as tourism, Internet, medical and health, finance, conventions and exhibitions, accelerate the innovation and development of service trade, and form an industrial structure based on a service-oriented economy”. This is the advantage and characteristics of Hainan Free Trade Zone and Free Trade Port.
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