Yes.

This year marks the start of construction at Hainan Free Trade Port, and free trade ports mark the highest level of opening up worldwide. Hong Kong, Singapore, Rotterdam and Dubai are all free trade ports, which tend to implement zero tariff policies, low tax rates and a simplified tax system.

Hainan will likely allow overseas goods to enter and leave the FTP without being subject to customs supervision, and allow such goods to exit the FTP into China through integration with the national customs clearance system.