The new concept of free

open

convenient

shared and inclusive regional cooperation in the Regional Comprehensive Economic Partnership Agreement (RCEP) is highly consistent with the essence of free and convenient system of free trade ports with Chinese characteristics. RCEP promotes more new opportunities for Hainan Free Trade Port in cross-border service trade

digital economy

personnel mobility

customs supervision

etc. Zero tariff

zero subsidy

zero barrier and other economic and trade rules come from the superposition effect of the customs closure operation of the free trade port and RCEP

which has become the consensus of the multilateral trade mechanism. It is the fundamental feature of building free trade ports with Chinese characteristics with world influence

and highlights Hainan Free Trade Port’s construction of new mechanism and new rule of law for open economy. Benchmarking RCEP’s economic and trade rules

building a legal system for the free trade port

improving the overall advantages and international competitiveness of the free trade port

and laying a system-first foundation for China’s future accession to the CPTPP are the legal innovation goals of the free trade port. Hainan Free Trade Port should take system integration innovation as the core

actively promote the law regulation and rule of law innovation path characterized by internationalization

promote a higher level of openness

promote the high-quality development of the free trade port

and create a market-oriented

international and legal first-class business environment for the free trade port that adapts to the rule of law in RCEP member countries.