The first week of the Hainan Free Trade Port's island-wide closed-loop operation has seen remarkable achievements eye-catching data, highlighting its vigorous development vitality.

According to Haikou Customs, from December 18th to 24th, the value "zero tariff" beneficiary goods imported under the supervision of "first line" exceeded 400 million yuan; at the same time, the regulatory amount of duty- goods for domestic sales processing with value-added also exceeded 20 million yuan. This data intuitively reflects that after the Hainan Free Trade Port closed its borders, dividends in the field of import and export trade are accelerating their release.

In the first week of the closed-loop operation, Hainan has also achieved fruitful results in of the cultivation of market entities, with a significant increase in the number of newly added foreign trade enterprises. Data shows that in this week, the number of newly added foreign trade enterprises Hainan reached 1,972, an increase of 2.3 times compared to the same period last year. Extending the timeline to the whole year, far, the number of newly added registered customs declaration units in Hainan has exceeded 30,000, an increase of over 40% year-onyear. More and more enterprises choose to settle in Hainan, invest in the construction and development of the free trade port, and inject inexhaustible new impetus Hainan's foreign trade.

In addition to the trade field, Hainan's offshore duty-free consumer market has also caught a wave of consumption enthusiasm the "east wind" of the free trade port's closed-loop operation. The continuous effect of policy stacking has further enhanced the attractiveness of Hainan's offshore-free. From December 18th to 24th, Hainan's offshore duty-free shopping performance was quite remarkable: the shopping amount reached 11 billion yuan, the number of shoppers reached 165,000, and the number of shopping items reached 775,000. Compared to the same period last year, the shopping amount increased by 54.9%, the number of shoppers increased by 34.1%, and the number of shopping items by 11.8%. This set of data fully demonstrates the strong driving effect of the Hainan Free Trade Port's closed-loop operation on the consumer market and also indicates that Hainan's consumer market has great development potential.

The outstanding performance of the Hainan Free Trade Port in the first week of the closedloop operation is just a wonderful beginning of its vigorous development. With the continuous implementation and improvement of various policies, the Hainan Free Trade Port is expected to create more excellent in trade, consumption, and other fields, and write a more brilliant development chapter.