Bitget e Google Developer Group ETH Zurich Fazem Parceria Para Acelerar Habilidades de Web3 e IA de Estudantes

VICTORIA, Seychelles, Dec. 19, 2025 (GLOBE NEWSWIRE) — A Bitget, a maior Universal Exchange (UEX) do mundo, tem o prazer de anunciar sua parceria anual com Google Developer Group on Campus (GDGoC) ETH Zurich. Como parte da sua iniciativa educacional, Blockchain4Youth, a Bitget irá apoiar e organizar em conjunto vários eventos de GDG, inclusive hackathons e workshops, no próximo ano.

O Google Developer Group on Campus é um grupo comunitário universitário para estudantes interessados em tecnologia, com mais de 1.260 clubes em todo o mundo. Fundada em 2020, a filial de Zurique é uma comunidade de tecnologia voltada para os alunos da ETH Zurich, uma instituição líder global em ciência, tecnologia e engenharia que está regularmente entre as melhores universidades do mundo. A associação organiza palestras, workshops, jams de estudo, noites de hacking e eventos comunitários, reunindo desenvolvedores, designers e pesquisadores.

A parceria com a Bitget inclui a organização conjunta de várias iniciativas educacionais ao longo do ano para apoiar o desenvolvimento de conhecimento dos alunos em novas tecnologias. Durante esses encontros, a Bitget irá compartilhar sua experiência no mercado Web3 com grupos de discussão e atividades práticas. Os alunos também terão a opção de ingressar no Programa de Pós–Graduação, para uma experiência prática no setor.

Ignacio Aguirre, CMO da Bitget, comentou sobre a colaboração: “Estamos muito orgulhosos do trabalho que realizamos até agora com a comunidade do Google Developer Group no ano passado. Por meio dessa parceria de longo prazo, pretendemos promover nosso compromisso compartilhado com a inovação e a educação. O objetivo é fazer uma diferença tangível, não apenas compartilhando nossa experiência, mas também ajudando ativamente a conhecer e nutrir os criadores de amanhã. Na minha opinião, a educação continua sendo essencial para a entrada e a navegação em um mercado tão dinâmico e inovador como o setor Web3.”

“Estamos muito animados com a nossa parceria com a Bitget. Para nossos alunos em Zurique, essa parceria vai além do patrocínio, significa obter insights do mundo real. Essa colaboração nos permite ir além da teoria e fornecer à nossa comunidade de desenvolvedores habilidades práticas em negociação algorítmica e infraestrutura de blockchain”, acrescentou Dario Monopoli, Lead GDG no Campus Zurich.

Esta parceria de sucesso com o grupo GDG começou no início deste ano, com patrocínios de vários eventos ao longo do ano. Começando com o Hackathon “Build with AI” na Constructor University em maio de 2025, que reuniu 130 mentes brilhantes, o “AI acceler Hack” organizado na KU Leuven na Bélgica em outubro passado e, mais recentemente, o Devfest realizado nos escritórios do Google em Bruxelas no final de novembro.

Os próximos eventos desta parceria de longo prazo podem incluir um hackathon em colaboração com outras comunidades e encontros especiais. Esses encontros podem incluir sessões de compartilhamento de experts do setor e workshops interativos com os principais participantes do mercado. Ao participar dessas iniciativas, a Bitget deseja ajudar ativamente a comunidade Web3 a crescer e se beneficiar da ampla gama de possibilidades que a tecnologia blockchain traz para nossas vidas.

Sobre a Bitget

Fundada em 2018, a Bitget é a maior Universal Exchange (UEX) do mundo, atendendo a mais de 120 milhões de usuários com acesso a milhões de tokens de criptomoedas, ações tokenizadas, ETFs e outros ativos do mundo real, além de oferecer acesso em tempo real a preços de Bitcoin, preços de Ethereum, preços de XRP e outros preços de criptomoedas em uma única plataforma. O ecossistema está comprometido em ajudar os usuários a negociar de forma mais inteligente com suas ferramentas de negociação baseadas em IA, interoperabilidade entre tokens em Bitcoin, Ethereum, Solana e BNB Chain, e acesso mais amplo a ativos do mundo real. No lado descentralizado, Bitget Wallet é um aplicativo de finanças diário criado para tornar as criptomoedas simples, seguras e parte das finanças do dia a dia. Atendendo a mais de 80 milhões de usuários, ele une os blockchain rails com as finanças do mundo real, oferecendo uma plataforma completa para rampa on/off, negociações, ganhos e pagamentos sem problemas.

A Bitget está impulsionando a adoção de criptomoedas por meio de parcerias estratégicas, como Parceiro Oficial de Criptomoedas da LALIGA, a principal liga de futebol do mundo, nos mercados EASTERN, SEA e LATAM. Alinhada com sua estratégia de impacto global, a Bitget se uniu à UNICEF em apoio ao ensino de blockchain para 1,1 milhão de pessoas até 2027. No mundo do automobilismo, a Bitget é a parceira exclusiva de troca de criptomoedas do MotoGP™, uma corridas mais emocionantes do mundo.

Para mais informação, visite: Website | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Para perguntas da mídia, contate: [email protected]

Aviso de Risco: Os preços dos ativos digitais estão sujeitos a flutuações e podem ser significantemente voláteis. Os investidores são aconselhados a alocar apenas os fundos que podem perder. O valor de qualquer investimento pode ser afetado, e existe a possibilidade de que os objetivos financeiros não sejam atingidos, nem que o investimento principal recuperado. Aconselhamento financeiro independente deve sempre ser obtido, e a experiência financeira pessoal e a posição devem ser cuidadosamente consideradas. O desempenho passado não é um indicador confiável de resultados futuros. A Bitget não se responsabiliza por quaisquer perdas potenciais incorridas. Nada contido neste documento deve ser interpretado como aconselhamento financeiro. Para mais informações, consulte nossos Termos de Uso.

Foto deste comunicado disponível em: http://www.globenewswire.com/NewsRoom/AttachmentNg/5054283d–93b1–46c4–92d9–566395c3df91 


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Bitget sʼassocie au groupe Google Developer sur le campus de lʼETH de Zurich en vue dʼaccélérer lʼacquisition de compétences dans les domaines du Web3 et de lʼIA chez les étudiants

VICTORIA, Seychelles, 19 déc. 2025 (GLOBE NEWSWIRE) — Bitget, la première Bourse Universelle (UEX) au monde, annonce avec enthousiasme sa collaboration annuelle avec le groupe Google Developer sur le campus de lʼETH de Zurich (GDGoC). Dans le cadre de son initiative éducative Blockchain4Youth, Bitget soutiendra et co–organisera plusieurs événements GDG, notamment des hackathons et des ateliers, au cours de lʼannée à venir.

Le groupe Google Developer sur les campus est un réseau universitaire destiné aux étudiants passionnés de technologie, qui compte plus de 1 260 clubs à travers le monde. Fondée en 2020, la délégation de Zurich est une communauté étudiante dédiée aux technologies, réunissant les étudiants du campus de lʼETH de Zurich, une institution mondiale de premier plan dans les domaines des sciences, des technologies et de lʼingénierie, régulièrement classée parmi les meilleures universités au monde. Cette association organise des conférences, des ateliers, des sessions dʼétude, des soirées hackathon et des événements communautaires, réunissant développeurs, concepteurs et chercheurs.

Cette collaboration avec Bitget prévoit notamment lʼorganisation conjointe de plusieurs initiatives pédagogiques tout au long de lʼannée, afin dʼaider les étudiants à approfondir leurs connaissances dans le domaine des nouvelles technologies. Au cours de ces rencontres, Bitget partagera son expertise sur le marché Web3 par le biais de tables rondes et dʼactivités pratiques. Les étudiants auront également la possibilité dʼintégrer le programme dʼétudes supérieures, ce qui leur permettra dʼacquérir une expérience pratique sur le terrain.

Ignacio Aguirre, directeur marketing de Bitget, a commenté à propos de cette collaboration : « Nous sommes très fiers du travail que nous avons accompli jusquʼà présent auprès de la communauté du groupe Google Developer au cours de lʼannée écoulée. Dans le cadre de ce partenariat à long terme, nous souhaitons renforcer notre engagement commun en faveur de lʼinnovation et de lʼéducation. Lʼobjectif est dʼapporter une contribution concrète, non seulement en partageant notre expertise, mais aussi en participant activement à la rencontre et à la formation des bâtisseurs de demain. À mon avis, la formation reste essentielle quand on veut se lancer et évoluer dans un marché aussi dynamique et innovant que celui du Web3. »

« Nous sommes ravis de nous associer à Bitget. Pour nos étudiants à Zurich, ce partenariat ne se résume pas à un simple parrainage, il sʼagit avant tout dʼacquérir des connaissances pratiques. Cette collaboration nous permet dʼaller au–delà de la théorie et dʼoffrir à notre communauté de développeurs des compétences pratiques en matière de trading algorithmique et dʼinfrastructure blockchain », a ajouté Dario Monopoli, responsable GDG sur le campus de Zurich.

Ce partenariat fructueux avec le groupe GDG a débuté plus tôt cette année et comporte notamment le parrainage de plusieurs événements tout au long de lʼannée. Pour commencer, on peut citer le hackathon « Build with AI » organisé à lʼuniversité Constructor en mai 2025, qui a réuni 130 esprits brillants, puis le « AI accelerate Hack » organisé à la KU Leuven en Belgique en octobre dernier, et plus récemment le Devfest qui sʼest tenu au sein des quartiers généraux de Google à Bruxelles fin novembre.

Les événements à venir dans le cadre de ce partenariat à long terme pourraient inclure un hackathon en collaboration avec dʼautres communautés, ainsi que des rencontres thématiques. Ces rencontres pourraient inclure des sessions de partage animées par des experts du secteur et des ateliers interactifs avec les principaux acteurs du marché. En participant à ces initiatives, Bitget souhaite contribuer activement à la croissance de la communauté Web3 et tirer parti du large éventail de possibilités que la technologie blockchain nous offre au quotidien.

À propos de Bitget

Fondée en 2018, Bitget est la plus grande bourse universelle (UEX) au monde, servant plus de 120 millions d’utilisateurs et donnant accès à des millions de jetons crypto, actions tokenisées, ETF et autres actifs du monde réel, tout en fournissant en temps réel les prix du Bitcoin, d’Ethereum, de XRP et d’autres cryptomonnaies, au sein d’une seule et même plateforme. L’écosystème vise à aider les utilisateurs à trader plus intelligemment grâce à ses outils de trading alimentés par l’IA, l’interopérabilité entre jetons sur Bitcoin, Ethereum, Solana et BNB Chain, et entend étendre l’accès des utilisateurs aux actifs réels. Du côté décentralisé, Bitget Wallet est une application financière conçue pour rendre la crypto simple, sécurisée et intégrée à la finance quotidienne. Forte de ses plus de 80 millions d’utilisateurs, elle relie les infrastructures blockchain au monde réel sous la forme d’une plateforme tout–en–un conçue pour acheter et vendre, échanger, dégager des revenus et payer en toute fluidité.

Bitget entend faire adopter les cryptomonnaies grâce à des partenariats stratégiques, comme en témoigne son rôle de partenaire crypto officiel de la meilleure ligue de football au monde, LALIGA, sur les marchés de l’Est, de l’Asie du Sud–Est et de l’Amérique latine. Pour faire écho à sa stratégie d’impact mondial, Bitget s’est associée à l’UNICEF pour appuyer l’éducation à la blockchain auprès de 1,1 million de personnes d’ici à 2027. Dans l’univers des sports mécaniques, Bitget est partenaire officiel crypto exclusif du MotoGP™, l’un des championnats les plus passionnants du monde.

Pour obtenir de plus amples informations, consultez : Site Internet | Twitter | Telegram | LinkedIn | Discord | Bitget Wallet

Pour les demandes médias, veuillez contacter : [email protected]

Mise en garde sur les risques : les cours des actifs numériques peuvent fluctuer et connaître une forte volatilité. Il est recommandé aux investisseurs d’investir uniquement la somme qu’ils peuvent se permettre de perdre. La valeur de vos investissements peut être affectée et il est possible que vous n’atteigniez pas vos objectifs financiers ou que vous ne parveniez pas à récupérer votre capital. Nous vous encourageons à toujours solliciter les conseils d’un spécialiste financier indépendant et à tenir compte de votre expérience et de votre situation financière. Les performances passées ne constituent pas un indicateur fiable des résultats futurs. Bitget décline toute responsabilité quant à toute perte potentielle encourue. Nulle disposition des présentes ne saurait être interprétée comme un conseil d’ordre financier. Pour tout complément d’information, veuillez consulter nos Conditions d’utilisation.

Une photo accompagnant ce communiqué est disponible au : http://www.globenewswire.com/NewsRoom/AttachmentNg/5054283d–93b1–46c4–92d9–566395c3df91


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Meltwater Earns Three Comparably Awards for Leadership, Culture and Compensation

SAN FRANCISCO, Dec. 19, 2025 (GLOBE NEWSWIRE) — Meltwater, a global leader in media, social, and consumer intelligence, has been recognized with three Comparably Awards underscoring the company’s continued commitment to building a strong culture, investing in leadership, and creating an environment where employees can do their best work.

Based entirely on anonymous employee feedback, Meltwater received recognition in the following categories:

  • Best CEOs
  • Best Company Culture
  • Best Company Compensation

“We’re proud to have our commitment to people, leadership, and total rewards recognized by Comparably,” said Peyton O’Connor, Chief People Officer at Meltwater. “This honor reflects the work we do every day to build a collaborative, inclusive culture. That effort starts at the top with our CEO, John Box, whose commitment to transparency, respect, and accountability helps create an environment where employees are not only supported, but inspired to grow, contribute, and thrive.”

These awards reflect Meltwater’s commitment to providing a workplace culture grounded in collaboration, trust, and shared values. By investing in career growth, Meltwater’s leadership ensures that every team member has the resources and support needed to perform meaningful work.

With a presence in 50 locations across 25 countries, Meltwater's global culture is rooted in the belief that when the right people are in the right environment, great things happen. Regardless of location, the company is dedicated to providing employees with opportunities to make an impact, learn daily, and receive the support needed to advance their careers.

In total this year, Meltwater has received 13 Comparably awards including Best Career Growth, Best Leadership Teams, Best Engineering Teams, Best HR Teams, Best Product & Design Teams, Best Sales Teams, Happiest Employees, Best Company Perks & Benefits, and Best Company Work–Life Balance. Meltwater remains committed to supporting employee well–being and engagement, recognizing their critical role in the company’s long–term success.

Comparably Awards are determined by sentiment feedback from current employees who anonymously rate their employers on Comparably.com. The data for these awards was collected over the past 12 months, ensuring an accurate representation of employee experiences.

For more information, please contact:
Stacy Slayden
[email protected]

About Meltwater
Meltwater empowers companies with solutions that span media, social, and consumer intelligence. By analyzing approximately 1 billion pieces of content daily and transforming them into vital insights, Meltwater unlocks the competitive edge to drive results. With 27,000 global customers, 50 offices across six continents, and 2,200 employees, Meltwater is the industry partner for global brands making an impact. Learn more at meltwater.com.


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‘We Need a New Global Legal Framework That Rethinks Sovereignty in the Context of Climate Displacement’

By CIVICUS
Dec 19 2025 –  
CIVICUS discusses climate displacement and Tuvalu’s future with Kiali Molu, a former civil servant at Tuvalu’s Ministry of Foreign Affairs and currently a PhD candidate at the University of the South Pacific in Fiji and the University of Bergen in Norway. His research focuses on state sovereignty and climate change in the Pacific.

We Need a New Global Legal Framework That Rethinks Sovereignty in the Context of Climate Displacement

Kiali Molu

In Tuvalu, one of the world’s most climate-vulnerable nations, rising seas and intensifying storms have made life increasingly precarious. Over 80 per cent of people have applied for Australia’s new climate visa under a treaty signed in November 2023. Under the treaty, 280 Tuvaluans can resettle in Australia each year through a ballot system. While recognising Australia’s willingness to host Tuvaluans, civil society continues to pressure major emitters, including Australia, to cut greenhouse gas emissions and fund climate adaptation measures in vulnerable countries to prevent further displacement.

Why have so many Tuvaluans applied for Australia’s climate mobility visa?

This visa is part of the Falepili Union Treaty agreed by Australia and Tuvalu. The treaty combines a special mobility pathway, guarantees around Tuvalu’s statehood and sovereignty and a broader security arrangement. Under the mobility component, Tuvaluans can apply for residency in Australia through a ballot system, without being forced to permanently relocate.

Many applications are driven by practical reasons, such as employment opportunities to be able to support families back home. Others value the ability to travel more freely, particularly given Australia’s historically long and uncertain visa processes. Access to education opportunities and social protections also matter. What’s important is that selection under this pathway does not require people to leave Tuvalu. It creates choice and security in a context where the future feels increasingly uncertain.

How is climate change reshaping daily life in Tuvalu?

Rising sea levels and frequent king tides regularly flood homes, public buildings and roads, interrupting community gatherings, education and work. Coastal erosion continues to reduce habitable land, while saltwater intrusion contaminates groundwater and destroys pulaka pits that are central to food security, as they’re used to grow staple root crops.

These impacts extend beyond infrastructure: higher reliance on imported food means families face rising costs, and stagnant water means a rise in waterborne diseases. Constant flooding is increasing anxiety about displacement and cultural continuity, and farming and fishing livelihoods are becoming harder to sustain. Climate change affects our food, health, housing and identity every single day.

What does potential resettlement mean for Tuvaluan culture and identity?

Our identity is inseparable from our community, our land and the ocean surrounding it. Tuvaluan culture is rooted in fenua – shared practices around agriculture and fishing, church life and the falekaupule, a community meeting house. Large-scale resettlement risks disrupting these foundations. The transmission of everyday cultural practices, language and oral history may weaken if younger Tuvaluans grow up away from the islands.

However, mobility doesn’t automatically mean cultural loss. Tuvaluan communities abroad are finding ways to preserve collective life, language and traditions through associations, churches and digital platforms. Initiatives such as the Tuvalu Digital Nation aim to safeguard cultural heritage virtually. Still, there is no substitute for ancestral land, and this raises profound questions about what it means to be Tuvaluan if our homeland becomes uninhabitable.

What climate adaptation measures does Tuvalu urgently need?

Adaptation for Tuvalu is not only about renewable energy and seawalls. While these remain essential, there’s also a critical legal and political dimension. The international system still defines statehood on the basis of physical territory, offering little protection to nations facing permanent land loss due to climate change.

We believe Tuvalu should push for a new global legal framework that rethinks sovereignty in the context of climate displacement. This would protect Tuvalu’s international legal personality, maritime boundaries and political rights even if parts of its territory become uninhabitable. This diplomatic strategy is needed as much as physical adaptation measures because it addresses national survival, not just infrastructure resilience.

What responsibilities do major polluters have towards climate-vulnerable states?

Major polluters have legal and moral obligations towards climate-vulnerable countries. International law increasingly recognises duties to reduce emissions, prevent environmental harm and cooperate in protecting those most at risk. Recent legal developments, including advisory opinions from international courts, reinforce that these responsibilities are enforceable, not optional.

These obligations go beyond emissions cuts. They include providing climate finance through mechanisms such as the Green Climate Fund and the Loss and Damage Fund, supporting adaptation efforts and sharing technology. For countries like Tuvalu, this support is fundamental to preserving lives, culture and sovereignty. Continued inaction by major emitters should not be seen solely as political failure, but also as a breach of international law.

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‘The ICJ’s advisory opinion strengthens climate justice by establishing legal principles states cannot ignore’ CIVICUS Lens | Interview with Abdul Shaheed 24.Sep.2025
International Court of Justice signals end to climate impunity CIVICUS Lens 01.Aug.2025
‘Australia must turn its climate rhetoric into action’ CIVICUS Lens | Interview with Jacynta Fa’amau 27.Sep.2024

 


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Farmers Can Now Measure and Benefit From Fruit Tree Carbon Trade

Farmers can now know and benefit from their contribution to climate change thanks to a formula that can be used to calculate the amount of carbon stored in fruit trees. In a project dubbed Fruit Trees for Climate Change Mitigation and Adaptation in East Africa, the Jomo Kenyatta University of Agriculture and Technology (JKUAT), in […]

How the Environment Affects Us

How the Environment Affects Us

Credit Jan Kopriva

By Gilles-Éric Séralini, Jérôme Douzelet and Gérald Jungers
PARIS, Dec 19 2025 – Today, society is rightly concerned about the rising prevalence of autism among children worldwide; affecting up to 1% of children, it has a profound impact on families. Neuroinflammation and environmental origins are increasingly implicated. But what causes them?

Let us take a broader view. Depression among adolescents is widespread, without it being possible to clearly separate social from neurological causes. Even in China, scientists have demonstrated a link between pollution, asthma, and depression among young people.

Genetic factors, while not excluded, cannot explain everything, as they do not change rapidly enough to account for such a swift increase across the population. Likewise, when we include neurodegenerative diseases among older people, and even among younger adults, the number of people affected becomes staggering. Finally, environmentally linked cancers affect at least one in three people worldwide.

All these diseases and conditions are chronic and slow developing. Medicine primarily alleviates their symptoms, while their causes lead to extremely serious consequences for society. If we then look at the biosphere as a whole, species extinction and abnormalities, alongside climate disruption, we gain certainty about the role of anthropogenic effects in these problems. This is neither the result of individual ill will nor bad luck, but rather the rotten fruit of a system.

An increasing number of specialists believe that a paradigm shift is necessary to break free from this situation. Recently, forty-three of us from five continents co-signed an article in Environmental Sciences Europe, a high-impact scientific journal, detailing the malpractice surrounding the authorization of toxic substances, particularly pesticides and plasticizers.

The historical archives of Monsanto-Bayer have shown how doubt has been deliberately maintained through dishonest practices in order to keep society in ignorance, falsely believing that authorized products are properly assessed. These revelations, made possible through the U.S. justice system, led to convictions for fraud benefiting more than 100,000 cancer patients.

The issue is closely related when it comes to disabilities, yet these remain neglected. According to a recent French parliamentary report, 50,000 pupils are currently without appropriate support solutions, compared with 36,000 in 2024. Among them are many autistic children suffering from gastrointestinal microbiota disorders, one of the leading reasons for medical consultations. This highlights the devastation caused by ultra-processed food, which has harmful effects on food intolerances. We now understand how the nervous system surrounding the intestine, the “second brain,” connected to the primary one, malfunctions.

Let us already do, humbly, what we can where we are, much like Pierre Rabhi’s hummingbird parable, which seeks to extinguish a forest fire with the water carried in its beak: “At least I will have tried.” This is what the association LEX Les Enfants Extraordinaires does in Barjac, in the Gard region, France. It welcomes young people with disabilities who have no support solutions, offering them a social life alongside the village’s older residents. Organic gardening and cooking workshops are welcoming spaces, at least without adding pesticides and pollutants; work is done through short supply chains. Equine-assisted activities, animal-assisted therapy, and wheelchair repairs also allow participants to once again become givers of joy and creators of smiles.

Taken individually, these diseases are sometimes attributed to bad luck or to various social causes. But one inevitably thinks of epigenetic or transgenerational, therefore environmental, inheritance. We shudder at the effects of persistent, fossil-based pollutants, starting from the fetus and pregnancy, since we have shown that they cross the placenta, as do some of the world’s most widely used pesticides, such as Roundup, implicated in Monsanto-Bayer’s frauds. These substances accumulate in our environment, limited by the atmosphere; all forms of life are sensitive to and subjected to them.

We detect how pollutants embed themselves in all living tissues and are deliberately disseminated. They are laden with heavy metals, derived from carcinogenic and neurotoxic petroleum residues used in their manufacture. We have demonstrated that all endocrine disruptors are also neurotoxic through other cellular mechanisms, like sand gradually clogging and disrupting the brain and nervous system.

Solutions do exist. We can feed the world through agroecological agriculture, as specifically demonstrated by international reports from Olivier De Schutter. This requires raising fewer pigs, chickens, and cattle in intensive systems, as these practices saturate the ultra-processed food of wealthy countries with pollutants. Such intensive systems are unnecessary. Today, we maintain more suffering livestock than children worldwide.

Agroecological agriculture will regenerate ecosystems, fortunately highly resilient, through credible alternatives already implemented across the planet. Sadly, these are currently stifled by legislative gridlock generated by lobbying efforts designed to preserve the outdated, intensive post-war model. Outdated, because “growth” is a flawed concept, built on neglect and the deliberate omission of externalities. But we will get there.

Gilles-Éric Séralini was Professor of Toxicology and Molecular Biology at the University of Caen Normandy. Along with Gérald Jungers, an associate researcher, he is a member of the “Risks, Quality and Sustainable Environment” cluster of the MRSH.

Jérôme Douzelet is the founder and coordinator of the association LEX, Les Enfants Extraordinaires, in Barjac, of which G.E.S. is President

IPS UN Bureau

 


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Is the UN Ready for a Non-Renewable 7-YearTerm for the Secretary-General?

Former UN Secretary-General Ban Ki-moon, addresses the Security Council warning the Council it risks irrelevance without reform. Credit: UN Photo/Eskinder Debebe 15 December 2025

By Thalif Deen
UNITED NATIONS, Dec 19 2025 – A long-standing proposal going back to 1996—to establish a single non-renewable seven-year term for the Secretary-General of the United Nations—has been resurrected by former UN Secretary-General Ban Ki-moon.

The original proposal was part of a study sponsored by the Dag Hammarskjold and Ford Foundations. According to the proposal, the seven-year term “ would give the SG the opportunity to undertake far-reaching plans free from undesirable pressures.”

Ban has said a single, nonrenewable seven-year term will strengthen the independence of the office. The current practice of two five-year terms, he said, leaves Secretaries-General “overly dependent on this Council’s Permanent Members for an extension.”

A former Secretary-General Boutros Boutros-Ghali of Egypt was deprived of a second five-year term when the US was the only permanent member state to veto his second term despite the fact that he received 14 of the 15 votes in the Security Council.

“As the highest policy-making organ of the United Nations, and as the ultimate appointing body, the General Assembly should adopt a comprehensive resolution establishing a single seven-year term and all key features of an improved process of appointing the Secretary-General,” the study said.

The same seven-year term, according to the 1996 study authored by Sir Brian Urquhart and Erskine Childers, should also apply to heads of UN agencies and UN programmes.

The study was titled “A World in Need of Leadership: Tomorrow’s United Nations. A Fresh Appraisal.” Sir Brian was a former UN Under-Secretary-General (USG) for Special Political Affairs and Childers was a former Senior Advisor to the UN Director-General for Development and International Economic Affairs.

Ambassador Anwarul K. Chowdhury, former Under-Secretary-General and High Representative of the United Nations and Permanent Representative of Bangladesh to the UN, told IPS that, in keeping with the best interest of the operational credibility of the world’s most universal multilateral body with a global mandate, and as a conscientious UN insider, “I believe very strongly and quite comfortably that there is substantive merit in the long-standing, but surprisingly undervalued, proposal to establish a single non-renewable seven-year term of office for the Secretary-General of the United Nations.”

In an op-ed published on 20 June 2011 in IPS on Ban’s second term, and commenting in general on the re-election process, he wrote, “This unclear, closed-door, behind-the-scenes and exclusionary process results in the recommendation of a person who is dreaming of re-election for a second term from the very first day in office.”

Ambassador Chowdhury went on to underscore that “This very human temptation for a second term is so overwhelming, so intoxicating that the incoming secretary-general’s main effort in office is wholly conditioned by this desire.” Keeping fully in perspective the “veto element,” the wishes and inclinations of the P5 get the priority attention of the “Chief Administrative Officer” of the UN.

“I fully agree,” he said, “with the conventional understanding in the corridors of the UN that the debt that an SG accrues from the P5 during his first term for his re-election gets paid off during the second term. This arrangement serves both the secretary-general and the P5 well.”

More so, he noted, because they know full well that the broader membership of the UN is never able to agree to long overdue reforms of the unacceptable electoral process for the head of the secretariat. This encourages the possibility of a lacklustre leader to emerge, particularly if a P5 representative engages in the selection process at the instructions from the capital which is not supportive of the centrality of the UN’s global role.

Asked if the current Secretary-General António Guterres agrees with the proposal, UN deputy spokesperson Farhan Haq told reporters last week:

“Well, the current Secretary-General respects his role as Secretary-General to stay outside of the process of the Member States’ discussions. Obviously, any change in the terms of a Secretary-General would need to be agreed to by the Member States, and he trusts that they will work this out amongst themselves and find a solution.”

Haq said Guterres thinks that there are a number of reform steps that can be taken. Obviously, since he is the sitting Secretary-General, he’s not going to voice his views on this right now, while the Member States are considering it. And of course, you’ve seen his own support for the idea to have the first female Secretary-General. “But again, these are decisions that are not in our hands,” said Haq.

Dr. Palitha Kohona, a former Chief of the UN Treaty Section, told IPS some see merit in extending the term of office of the SG to seven years. But would such an extension add value? An effective SG could always seek re-election under the current set up and the GA has given a second term to most SGs.

The Member States could also refrain from re-electing an ineffective SG. If an ineffective SG were to be given a seven year term, the most important international organization in the world will have to suffer the burden of such an individual for an unfairly long and painful period, he pointed out.

An effective SG, subject to the political and financial constraints that he/she operates under, could achieve much in five years. What is required is the ability to operate in an volatile global environment, superior management skills and the knack for picking excellent staff, especially as USGs and ASGs. The current tendency to accept whomever big powers foist on the SG and to appoint lacklusture performers tends to reflect poorly on the leader of this august body and the Member States pay a heavy price, said Dr Kohona, a former Permanent Representative of Sri Lanka to the UN.

“What is really needed is the institutionalisation of a system that enables the UN to pick potentially efficient performers without the need to depend on whimsies of the P5. Major corporations operate in this manner. Successful performers will be retained for five or ten years. Those who fail will be dropped. The member states will be the best judges, he declared.

Sanam B. Anderlini, Founder and CEO, International Civil Society Action Network (ICAN), told IPS: “I think a 7 year term is an excellent idea – it would enable the SG to be courageous and imaginative in vision and practice. They would not be encumbered with the tasks of currying favour with member states or campaigning for votes for a second term.”

Additionally, with a seven-year horizon, they’d be compelled and motivated to ensure change and impact, because everyone ultimately wishes to have a good legacy, she pointed out.

But the key is ensuring that the selected leaders have the necessary courage, vision and values, she said

The 7-year terms should be staggered so we don’t lose the entire UN systems leadership team in one go. The idea of extending the United Nations Secretary-General’s term in office is a proposal that has been discussed as a reform idea, but the current, standard term remains five years, renewable once, declared Anderlini.

Recounting his IPS op-ed, Ambassador Chowdhury said he had underscored that “Another important idea to ensure independence of the Secretary-General would be to make the office restricted to one term for each incumbent.”

The seven-year term is adequate for any leader worth the name to deliver positive results and show what can be achieved for any global institution. Any change in the tenure of office and in the re-election process will require the amendment of the UN Charter and therefore the concurrence of the P5, said Ambassador Chowdhury, initiator of the UNSCR 1325 as President of the UN Security Council in March 2000, Chairman of the UN General Assembly’s Main Committee on Administrative and Budgetary Matters and Founder of the Global Movement for The Cultural of Peace (GMCoP).

On 30 October 2023, in another op-ed in IPS, Ambassador Chowdhury recommended that “… in the future the Secretary-General would have only one term of seven years, as opposed to the current practice of automatically renewing the Secretary-General’s tenure for a second five-year term, without even evaluating his performance.”

The seven-year term is adequate for any leader worth the name to deliver positive results and show what can be achieved for any global institution. In any case, we need to remember that any change in the tenure of office and in the re-election process will require the amendment of the UN Charter and therefore the concurrence of the P5.

IPS UN Bureau Report

 


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BROAD ARROW EXCEEDS $624 MILLION IN TOTAL TRANSACTIONS ACROSS AUCTIONS, PRIVATE SALES, AND FINANCING IN 2025

Grosse Pointe, Michigan, Dec. 18, 2025 (GLOBE NEWSWIRE) —

  • 949 LOTS SOLD AT AUCTION FOR $257 MILLION IN TOTAL SALES WITH AN 88 PERCENT SELL–THROUGH RATE GLOBALLY
  • BROAD ARROW PRIVATE SALES CLOSES 190 TRANSACTIONS FOR MORE THAN $281 MILLION IN TRANSACTION VALUE
  • BROAD ARROW CAPITAL UNDERWRITES MORE THAN $85 MILLION IN NEW FINANCING TRANSACTIONS
  • LEARN MORE AND VIEW BROAD ARROW’S 2026 AUCTION CALENDAR AND CURRENT PRIVATE SALES INVENTORY VIA BROADARROWAUCTIONS.COM

Broad Arrow, a Hagerty company (NYSE: HGTY) is proud to release its complete results for 2025. The company, founded in 2021 by a team of seasoned industry veterans, helped clients buy, sell, and finance, more than $624 million in total transaction value across Auctions, Private Sales, and Capital in 2025. This represents 97 percent growth over 2024 results for the Broad Arrow team ($316 million total in 2024). View a recap of Broad Arrow’s record year here.

“2025 has been a tremendous year for the Broad Arrow team,” says Kenneth Ahn, President of Broad Arrow. “We are ever grateful to our rapidly growing number of global clients who have entrusted us to help them buy, sell, and finance the world’s most desirable collector cars this year, and I am proud of all that our dedicated team has accomplished.”

“We held our first–ever auction just three years ago at the Monterey Jet Center in August 2022, and to have successfully expanded into Europe and achieved a 97 percent year–over–year growth rate as one of the leading market makers in a highly competitive industry, demonstrates the trust we continue to build with car collectors and enthusiasts around the world. Beyond our auction business, the fastest growing auction house in its segment, our Private Sales business has built an outstanding reputation for connecting top collectors with highly significant cars, exceeding auction results for the very first time with over $281 million in transaction value this year—most likely the strongest private sales performance of any auction house globally. Auctions and Private Sales are complemented by Broad Arrow Capital’s financing capabilities, where we strategically leverage our balance sheet to help facilitate transactions for our clients. We look forward to building on this year’s momentum in 2026.”

Broad Arrow Auctions

Broad Arrow Auctions sold $257 million in total sales across eight live auctions—including three debut sales in Europe and one in the U.S. —and two online memorabilia auctions in 2025, significantly expanding the company’s calendar from four live events and three online sales the previous year. The team achieved an overall sell–through rate of 88 percent for 949 lots sold (642 cars, 307 memorabilia lots), setting no fewer than 11 world record auction prices along the way. Bidders came from 52 countries, with the number of registered bidders increasing significantly across recurring auction events and with more than 1,000 new registered bidders in Europe.

Broad Arrow Auctions kicked off 2025 with the standalone private collection sale of The Academy of Art University Collection in San Francisco, California last February. Over 100 desirable pre– and post–war classics were sold entirely without reserve to an enthusiastic response, totalling $14.5 million and signaling that passion and demand for classic era collector cars remains strong.

The calendar continued with the company’s third appearance as the official auction house of The Amelia Concours, achieving $61.7 million in sales with 88 percent of all lots sold amid a standing–room–only auction room and spirited bidding throughout the two–day sale in March. Strong attendance, increased bidder registration, and stand–out individual prices continued throughout the year at Broad Arrow’s U.S. auctions, including the return of the Porsche Air|Water Auction held in partnership with the creators of Luftgekühlt ($15.3 million), the flagship Monterey Jet Center Auction in conjunction with Hagerty’s Motorlux ($57.4 million), and the inaugural Las Vegas Auction, presented in partnership with Concours at Wynn Las Vegas ($13.7 million).

Most significantly, Broad Arrow Auctions expanded its calendar with its debut sale in Europe as the official auction of the revered Concorso d’Eleganza Villa d’Este, presented in partnership with BMW AG last May, before quickly adding two additional new European auctions later in the year. Demonstrating Broad Arrow’s commitment to the EMEA region, the vibrant two–day Villa d’Este sale delivered an atmosphere charged with excitement and achieved over €31.1 million ($35.3M USD) in total sales, with 78 percent of all lots sold. Building on this inaugural success in Europe, Broad Arrow formed two additional partnerships and launched debut auctions with Zoute Grand Prix Car Week for the Zoute Concours Auction in October, totalling €26.3 million ($30.5M USD) with 78 percent of lots sold, and with Auto Zürich for the Zürich Auction in November, another resounding success that generated CHF 22 million ($27.6M USD) in total sales with an 87 percent sell–through rate.

Broad Arrow’s top 10 auction sales of 2025 illustrate the diversity at the top end of the market— cemented sports and racing legends while supercars of the 1980s, 1990s, and today continue to climb. The list is led by a 1959 Ferrari 250 GT LWB California Spider Competizione, chassis no. 1451 GT, arguably the most significant example in existence, which sold for $9,465,000 at Broad Arrow’s 2025 Amelia Auction. The top three is complemented by European sale headliners, including the 1948 Ferrari 166 Spyder Corsa by Ansaloni, which sold for a record $8,552,198 at Broad Arrow’s inaugural Concorso d’Eleganza Villa d’Este Auction, followed by the 1956 Jaguar D–Type, XKD 551, which brought $6,451,019 at the company’s inaugural Zürich Auction at the illustrious Dolder Grand Hotel in Switzerland.

BROAD ARROW TOP 10 AUCTION SALES OF 2025

1. 1959 Ferrari 250 GT LWB California Spider Competizione – $9,465,000 (Amelia)

2. 1948 Ferrari 166 Spyder Corsa by Ansaloni – $8,552,198 (Villa d'Este)

3. 1956 Jaguar D–Type – $6,451,018 (Zürich)

4. 2005 Maserati MC12 Stradale – $5,202,500 (Monterey Jet Center)

5. 1989 RUF CTR Yellowbird – $4,500,000 (Porsche Air|Water)

6. 1971 Lamborghini Miura P400 SV – $4,460,000 (Amelia)

7. 1954 Jaguar D–Type “OKV 2” Works Competition – $4,295,000 (Amelia)

8. 1938 Talbot–Lago T150 C Lago Spéciale Teardrop Coupé – $4,088,333 (Villa d'Este)

9. 2018 Pagani Huayra Roadster – $3,415,000 (Amelia)

10. 1991 Ferrari F40 – Sold After Auction (Monterey Jet Center)

Broad Arrow Private Sales

Broad Arrow Private Sales
, which provides expert advice to clients buying and selling collector cars outside the auction environment—often through discreet, unpublicized transactions—delivered a truly exceptional year in 2025, with total private sales transaction value surpassing auction totals for the first time. The team facilitated more than $281 million across 190 transactions, with an average transaction value of $1,478,947.

A variety of very special vehicles traded hands privately over the last year via the Broad Arrow team of car specialists, highlighted by such rarities as a highly original 1995 McLaren F1, one of just two examples of the ultimate modern collector car finished in striking Marlboro White and showing a mere 1,291 kilometers from new upon sale. Additional high points include the recent sale of a 2019 Ferrari FXX–K Evo, one of a mere 60 examples of the track–only, LaFerrari–based hypercar in ultimate Evoluzione specification and the most extreme V12 racing machine to emerge from Ferrari’s “XX Programme”. The Private Sales team also had the privilege of finding new homes for several sought–after examples from the Ferrari Icona series.

Further illustrating Broad Arrow’s continued leadership in the sale of exceptional Porsche and RUF models, the Private Sales team was also responsible for the sale of multiple examples of the lauded RUF CTR Anniversary model, a 1988 Porsche 959 SC Reimagined by Canepa, a 2015 Porsche 918 Spyder Weissach Martini, a 1987 Porsche 930 TAG Turbo “AP 85”, several examples of the Carrera GT, and more. Learn more about buying and selling with Broad Arrow Privates Sales and view the team’s current inventory and list of significant sales at broadarrowprivatesales.com.

Broad Arrow Capital

One of Broad Arrow’s key differentiators is its financing capabilities. Broad Arrow Capital, which provides financing solutions secured by collector cars, assisted clients in financing a significant number of cars in the U.S., the U.K., and Europe, with approximately $85 million in new financing transactions in 2025. With a fast–growing loan book, Broad Arrow Capital continues to serve the needs of collectors worldwide. The Capital team has observed trends similar to those in the auction market, including a younger demographic among both borrowers and the cars they seek.

Looking Ahead

Broad Arrow continues to expand its auction calendar with two new sales slated for 2026. The Global Icons Online Auction series will kick off 2026 with three multi–location online sales—Global Icons: Europe Online, Global Icons: UK Online, and Global Icons: Memorabilia Online. Open for bidding from January 23 and closing on January 30 for cars and February 1 for memorabilia, the sales will feature cars and memorabilia considered iconic for their historical significance, contribution to car or pop culture, or importance to the DNA of their respective marque. Broad Arrow will host live preview events where collectors can gather to view a selection of the cars and lots on offer at locations throughout Europe and the U.K. Consignments are invited through early January.

First up on Broad Arrow’s North American auction calendar is the company’s flagship Amelia Auction on March 6–7. Celebrating its fourth year as the official auction house of The Amelia Concours, Broad Arrow’s Amelia Auction will once again present approximately 150 exceptional collector cars across a two–day sale, offering everything from pre–war coach–built classics to motorsport icons, supercars, modern classics, and more. Learn more about early highlights and consignment opportunities by contacting a Broad Arrow car specialist.

Learn more about Broad Arrow’s 2026 auction calendar, including consignment opportunities and cars on offer, at broadarrowauctions.com.

NOTE: All prices are listed in USD (converted using historical rates where necessary). All sales totals are listed in both the currency of the auction and USD. All prices include the applicable buyer’s premium. Broad Arrow’s North American buyer’s premium for all motor car lots is equal to the sum of twelve percent (12%) of the first $250,000 of the Hammer Price and ten percent (10%) of the amount by which the Hammer Price exceeds $250,000. Buyer’s premium for all non–motor car lots is twenty percent (20%) of the Hammer Price. For EMEA auctions, buyer’s premium for all motor car lots is equal to the sum of fifteen percent (15%) (plus VAT on the Buyer’s Premium) of the first 250,000 EURO or CHF of the Hammer Price and twelve and one–half percent (12.5%) (plus VAT on the Buyer’s Premium) of the amount by which the Hammer Price exceeds 250,000 CHF or EURO. Broad Arrow EMEA buyer’s premium on non–motor car lots is twenty–five percent (25%) (plus VAT on the Buyer’s Premium) for all UK and European auctions. 

Editor’s Notes 

Photo Captions/Credits:

  1. 1959 Ferrari 250 GT LWB California Spider Competizione, Broad Arrow’s top sale of 2025, sold at The Amelia Auction in March 2025 at The Ritz–Carlton Amelia Island (Credit – Andrew Miterko/Courtesy of Broad Arrow).
  2. The 1948 Ferrari 166 Spyder Corsa by Ansaloni sold at Broad Arrow’s inaugural Concorso d’Eleganza Villa d’Este Auction in May 2025 at Villa Erba (Credit – Tom Clutterbuck/Courtesy of Broad Arrow).
  3. The 1956 Jaguar D–Type sold at Broad Arrow’ inaugural Zürich Auction in November 2025 at the Dolder Grand (Credit – Tom Clutterbuck/Courtesy of Broad Arrow).
  4. The 1995 McLaren F1 sold via Broad Arrow Private Sales in 2025 (Credit – Tom Nisco/Courtesy of Broad Arrow).
  5. The 2019 Ferrari FXX–K Evo sold via Broad Arrow Private Sales in 2025 (Credit – Tom Nisco/Courtesy of Broad Arrow).

About Broad Arrow Auctions

Broad Arrow Auctions, a Hagerty (NYSE: HGTY) company, is a leading global collector car auction house. Founded in 2021 by highly experienced industry veterans, Broad Arrow offers exceptional quality cars to collectors and enthusiasts around the world. As the fastest growing auction house in its segment, Broad Arrow’s flagship annual events include The Monterey Jet Center Auction, in conjunction with Motorlux in California, The Amelia Auction, as the official auction of The Amelia (Concours d’Elegance) in Florida, and The Porsche Auction, in conjunction with Air | Water by Luftgekühlt in California. Broad Arrow expanded its global footprint in 2023, with renowned car specialists joining the team in the UK and Europe. Broad Arrow launched its first auction in Europe in May 2025 as the new official auction house of the Concorso d’Eleganza Villa d’Este in Italy in partnership with BMW AG. Broad Arrow expanded its global auction footprint with three new auctions in 2025 held in collaboration with Zoute Grand Prix, Concours at Wynn Las Vegas, and Auto Zürich. Learn more at broadarrowauctions.com and follow us on Instagram, Facebook, LinkedIn, and Twitter

About Hagerty, Inc. (NYSE: HGTY) 

Hagerty is a company built by drivers for drivers, protecting 2.7 million vehicles in the United States, Canada and the UK. We make it easier and more enjoyable for enthusiasts to drive and celebrate the machines they love through innovative insurance products, live and digital auctions, engaging media and events, as well as the Hagerty Drivers Club, the world’s largest community of car lovers. 

For more information, please visit www.hagerty.com or www.newsroom.hagerty.com.  

Forward–Looking Statements – This press release contains statements that constitute “forward–looking statements” within the meaning of the federal securities laws. All statements provided, other than statements of historical fact, are forward–looking statements, including those regarding Hagerty’s future operating results and financial position, Hagerty’s business strategy and plans, products, services, and technology implementations, market conditions, growth and trends, expansion plans and opportunities, and Hagerty’s objectives for future operations. The words “anticipate,” “believe,” “envision,” “estimate,” “expect,” “intend,” “may,” “plan,” “predict,” “project,” “target,” “potential,” “will,” “would,” “could,” “should,” “continue,” “ongoing,” “contemplate,” and similar expressions, and the negative of these expressions, are intended to identify forward–looking statements.

Hagerty has based these forward–looking statements largely on current expectations about future events, which may not materialize. Actual results could differ materially and adversely from those anticipated or implied in the forward–looking statements. These factors include, among other things, Hagerty’s ability to: (i) compete effectively within our industry and attract and retain our insurance policyholders and paid Hagerty Drivers Club (“HDC”) subscribers; (ii) maintain key strategic relationships with our insurance distribution and underwriting carrier partners; (iii) prevent, monitor, and detect fraudulent activity; (iv) manage risks associated with disruptions, interruptions, outages or other issues with our technology platforms or our use of third–party services; (v) accelerate the adoption of our membership and marketplace products and services, as well as any new insurance programs and products we offer; (vi) manage the cyclical nature of the insurance business, including through any periods of recession, economic downturn or inflation; (vii) address unexpected increases in the frequency or severity of claims, and (viii) comply with the numerous laws and regulations applicable to our business, including state, federal and foreign laws relating to insurance and rate increases, privacy, the internet, and accounting matters.

The forward–looking statements herein represent the judgment of Hagerty as of the date of this release and Hagerty disclaims any intent or obligation to publicly update or review any forward–looking statement, whether as a result of new information, future developments, or otherwise. This press release should be read in conjunction with the information included in Hagerty’s other press releases, reports and other filings with the Securities and Exchange Commission. Understanding the information contained in these filings is important in order to fully understand Hagerty’s reported financial results and its business outlook for future periods.

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BitMEX Launches Year-End Gala: Win from a 3.5 BTC Prize Pool

VICTORIA, Seychelles, Dec. 18, 2025 (GLOBE NEWSWIRE) — BitMEX, one of the safest crypto exchanges, announced today the launch of its Year End Gala, allowing traders to compete for their share of a 3 BTC prize pool, in addition to 0.5 BTC in bonus rewards with 5 Sony Playstation 5 Pros available through a lucky draw.

The competition will run from 18 December 2025 at 12:00 AM (UTC) to 16 January 2026 at 11:59 PM (UTC). Users can participate in the competition anytime during the campaign period.

Rewards will be distributed across three leaderboards:

  • Highest Trading Volume: 80% of the total prize pool will be shared by the Top 100 Traders ranked by trading volume
  • Highest PnL: 10% of the total prize pool will be shared by the Top 100 Traders ranked by PnL
  • Highest ROI%: 10% of the total prize pool will be shared by the Top 100 Traders ranked by ROI%

To participate in the Year End Gala, traders must be fully verified on BitMEX. Competition details and registration can be found here.

About BitMEX
BitMEX is the OG crypto derivatives exchange, providing professional crypto traders with a platform that caters to their needs through low latency, deep crypto native liquidity and unmatched reliability.

Since its founding, no cryptocurrency has been lost through intrusion or hacking, allowing BitMEX users to trade safely in the knowledge that their funds are secure. So too that they have access to the products and tools they require to be profitable.

BitMEX was also one of the first exchanges to publish their on–chain Proof of Reserves and Proof of Liabilities data. The exchange continues to publish this data twice a week – proving assurance that they safely store and segregate the funds they are entrusted with.

For more information on BitMEX, please visit the BitMEX Blog or www.bitmex.com, and follow Telegram, Twitter, Discord, and its online communities. For further inquiries, please contact [email protected].

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef08295d–3360–4fa7–b386–773da118a2fe


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CGTN: How China opens its door wider with island-wide special customs operations in Hainan FTP

The island–wide special customs operations at the Hainan Free Trade Port (FTP) in south China were officially launched on Thursday. CGTN published an article highlighting how the port's preferential policies will further stimulate business investment, facilitate cross–border flows of goods and production factors, and position Hainan as a key hub connecting domestic and international markets. 

BEIJING, Dec. 18, 2025 (GLOBE NEWSWIRE) — China on Thursday launched island–wide special customs operations in south China's Hainan Free Trade Port (FTP), the world's largest FTP by area, allowing freer entry of overseas goods, and expanded zero–tariff coverage and more business–friendly measures.

Hearing a work report on the FTP in early November, Chinese President Xi Jinping hailed the special customs operations as a landmark move to expand high–standard opening up and promote an open world economy. He called for efforts to better facilitate cross–border flows of factors of production and strive to create a first–rate business environment.

The idea of establishing the FTP was first proposed in 2018. Since then, multiple preferential policies – including duty–free shopping and low corporate income tax – have been introduced to make the business friendly FTP gradually take shape.

Starting on Thursday, the share of zero–tariff products in the Hainan FTP will surge from 21 percent to 74 percent, with the number of tariff–free items expanding from about 1,900 to 6,637, covering nearly all production equipment and raw materials.

Lan Zhenzhen, president of public affairs for L'Oréal North Asia and China, is optimistic about the company's growth following Thursday's launch.

“As China's largest free trade pilot zone, Hainan FTP houses the world's largest single duty–free store and is a major global shopping destination,” Lan said. “In the future, L'Oréal will continue to invest in Hainan to better serve global consumers.”

Thai conglomerate Charoen Pokphand (CP) Group is also eager to capitalize on the opportunities for further expansion.

Xue Zengyi, a China executive from CP Group, said the group's coffee business will benefit from the FTP's zero–tariff policy on raw and auxiliary materials, reducing import costs by 8 percent in tariffs and 13 percent in value–added tax on green coffee beans.

Xue said coffee beans imported from overseas can enter the Chinese mainland tariff–free if they are processed in Hainan with at least 30 percent value added.

Bridging China and global markets

The 30 percent threshold is another key policy introduced by the FTP in recent years, allowing companies to source raw materials globally, add value locally and sell finished products into the mainland market duty–free.

Hainan Weili Medical Technology, a major global catheter supplier, has seen tariff reductions since becoming Hainan's first pilot for medical device processing and value–added operations in early 2023, previously sourcing most raw materials from Southeast Asia.

He Yongshen, the company's head, said that they have saved over 4 million yuan (roughly $567,920) in tariffs since 2023 by selling value–added products to the mainland market. With these cost reductions, the company could invest more in R&D and market expansion, He added.

His company is not alone in benefiting from the changes, as preferential policies have drawn a growing number of investors to Hainan. Over the past five years, foreign direct investment in Hainan reached $9.78 billion, growing at an annual rate of 97 percent, with investments from 176 countries and regions.

Feng Fei, secretary of Hainan Provincial Committee of the Communist Party of China, highlighted the island province's unique position in linking the vast domestic market of 1.4 billion people with the Southeast Asian market with nearly 700 million people.

Echoing Feng, Huang Hanquan, head of the Chinese Academy of Macroeconomic Research under the National Development and Reform Commission, said Hainan FTP's policies help create a trade route from Southeast Asian raw materials through Hainan processing to mainland distribution, positioning the island as a hub linking domestic and international markets.

The launch of island–wide special customs operations demonstrates China's commitment to high–standard opening up, boosting both the domestic economy and global growth, Huang added.

https://news.cgtn.com/news/2025–12–18/China–launches–island–wide–special–customs–operations–in–Hainan–FTP–1Jc62vV8qJ2/p.html


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