Assistant Director of EAI National University of Singapore Chen Gang: Hainan could explore "zero tariff" policy of free trade zone

2019 Global Free Trade Media Forum was held in Sanya from April 25 to April 26, more than 50 overseas media, economic and trade and academic institutions from over 20 countries and regions attended the forum. 

Chen Gang, the Assistant Director and Senior Fellow of East Asian Institute, National University of Singapore, had an interview with, giving his opinions and suggestions for the construction of Hainan free trade zone and free trade port with Chinese characteristics.

"First of all, Hainan has huge geographic advantages in developing free trade zone, because it is located at the juncture of the very important trade route in the global trade," Chen Gang said, "it is not only connecting the North East Asia but also South East Asia."

"Hainan is an island, which has huge geographic advantages in developing many ports along its coast lines, so Hainan can use all these ports to develop its offshore trade, offshore manufacturing, as so as offshore finance," he suggested.

In Chen Gang's opinion, all these factors have contributed to the successful story of Singapore in the past fifty years, so Hainan would probably repeat this kind of successful story with proper policies, and also with hard work of the local people.

Moreover, he thinks for those real free trade zones, it really needs to have zero tariff, and also it needs to have very strict regulation to ensure that those ports would not become ports of transporting illegal products

"Reputation is also very important, not only in the region but also in the globe, it has to gain the trust from international investors, traders, as so as manufacturers," he said.

According to Chen Gang, the soft part of the construction of free trade zone is very, very important.

"You need to have good talents, with professional language skills, speak both English, Chinese, and also I think it needs to have a kind of open attitudes to those all kind of business opportunities," he told the reporter of

Responsible editor: 胥圣兰
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