Hainan Newly Filled Foreign Trade Enterprises Grew by 2.9 Times
News source:hiHainan / By Li Xiang / 09 15,2020 11:44:20 / others

Hainan Free Trade Port has become increasingly attractive to foreign trade enterprises. From January to August this year, 2,047 foreign trade enterprises were newly filled in Hainan, an increase of 2.9 times compared with the same period last year, according to the Haikou Customs.

Driven by the preferential policies of the Hainan Free Trade Port, especially after the release of the Master Plan for the Construction of the Hainan Free Trade Port, the number of newly filled enterprises in Hainan continued to increase rapidly, leading to a total of 1,524 foreign trade enterprises newly filled, accounting for 74.5% of the increase in the first 8 months. Among them, 270, 683 and 571 new ones were newly filled in June, July and August respectively, indicating that Hainan Free Trade Port has become increasingly attractive to foreign trade enterprises after the release of the master plan.

The busy Xiaochantan Wharf, Yangpu Port. (Photo / Chen Yuancai) 

Foreign trade enterprises have been as an important force for Hainan to comprehensively deepen its reform and opening up course. Since General Secretary Xi Jinping gave an important speech during the celebration of the 30th anniversary of the Hainan Province and Hainan Special Economic Zone on April 13th, 14 cities and counties in Hainan have developed foreign trade business, 11 of which have achieved positive growth. From April 2018 to March 2020, the total import and export value of Hainan’s foreign trade reached 183.86 billion yuan, an increase of 31.8% over the previous two years (from April 2016 to March 2018). From April to March 2020, Hainan’s import and export value with countries and regions along the "Belt and Road" reached 70.7 billion yuan, an increase of 13.1% over the previous two years. Of this amount, the import and export value with ASEAN reached 51.26 billion yuan, making it the largest trading partner. The import and export value with US reached 34.91 billion yuan, an increase of 42.5%. The import and export value with EU (27 countries excluding UK) reached 24.52 billion yuan, an increase of 76.1%.

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