On December 16th, the Hainan Provincial Government issued a notice stating that, in accordance with the decision and deployment of the Central Committee of the Communist Party of China, the Hainan Free Trade Port will officially start the island wide closure from December 18th, 2025. At the same time, a series of documents such as the "Notice on the Tax Policies for the Import and Export of Goods in the 'First Line' and 'Second Line' of Hainan Free Trade Port and the Circulation within the Island" (Caiguan Tariff [2025] No. 12), the "Notice on the Catalogue of Imported Taxable Goods in Hainan Free Trade Port" (Caiguan Tariff [2025] No. 13), the "Interim Measures for Tax Collection and Administration of Value added Goods Processing in Hainan Free Trade Port by the Customs of the People's Republic of China" (General Administration of Customs Announcement No. 158 of 2025), the "List of Prohibited and Restricted Import and Export Goods and Articles in Hainan Free Trade Port" (Ministry of Commerce Announcement No. 43 of 2025), and the "Measures for the Supervision of Hainan Free Trade Port by the Customs of the People's Republic of China" (General Administration of Customs Announcement No. 159 of 2025) have been officially launched. It will be implemented from the date of the island's closure. (New Society)