Free trade ports are located in countries and regions, outside the customs control checkpoints, allowing foreign goods and funds to enter and exit freely. All or most of the goods entering and leaving the port area are exempt from customs duties, and it is allowed to engage in free storage, display, disassembly, modification, repackaging, sorting, processing and manufacturing of goods in the free port.

At present, Singapore Port and China Hong Kong, which rank first and second in the world in terms of container port transit volume, both implement the free port policy, attracting a large number of containers to transit, and establishing their position as the world container hub.

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Hong Kong is the seventh largest trading economy in the world, and it is also one of the major exporters of garments, watches, jewelry, toys, games, electronic products and some light industrial products.

In 20 18, Hong Kong's total trade in goods was HK$ 9.10.7 trillion, including HK$ 4.46 trillion in goods exports and HK$ 4.7 1 trillion in goods imports. The total trade in services was HK$ 65,438 +0.53 trillion, of which HK$ 0.89 trillion was exported and HK$ 0.64 trillion was imported.

Reference source: Baidu Encyclopedia-Hong Kong

Reference source: Baidu Encyclopedia-Free Trade Port