Shoppers buy goods at a duty-free store in Haikou, Hainan province. CHINA DAILY
China will further ease market entry criteria for companies seeking to tap duty-free and preferential policies in its Hainan Free Trade Port, Customs officials said on Tuesday, ahead of the port's island-wide special Customs operations on Dec 18.
Speaking at a news conference in Beijing, Xin Yan, deputy director of the General Administration of Customs' department of duty collection, said the rule requiring companies to derive at least 60 percent of their revenue from encouraged industries had been scrapped — a shift that will broaden eligibility and enable more firms to benefit from Hainan FTP's preferential policies.
Moreover, the scope of eligible imported production material and industrial parts has been expanded. In addition to bonded goods covered by the policy previously, "zero-tariff" imports have also been included, said Xin.
To strengthen local processing activity, the government has revised the value-added calculation measure. The value of goods produced within the Hainan FTP can now be deducted from the cost of domestically sourced inputs — in effect allowing Hainan FTP-made products to be counted toward the value-added threshold, according to the administration.
The recognition of such locally produced goods will be handled by relevant authorities in Hainan province.
Xin said that the policy also broadens the application of cumulative value-added benefits. When bonded import goods undergo processing across multiple registered enterprises within the Hainan FTP — whether upstream or downstream in the production chain — the value added at different stages of the process can be accumulated.
"This encourages companies to deepen industrial cooperation, extend value chains and expand production links within the free trade port," she said.
Gao Ruifeng, head of Haikou Customs, said that the necessary hardware and software conditions for the island-wide special Customs operations are now fully in place.
Key facilities, including an international travel healthcare center, a smart supervision technology facility and a laboratory, have all been completed and put into operation as of September last year, said Gao.
Hainan also expanded its island-departure duty-free shopping policy on Nov 1. Following the latest adjustment, the island's offshore duty-free list now covers 47 product categories, from mini drones and portable musical instruments to clothing and tea.
Hua Zhenghong, deputy director of the GAC's department of port control, said the policy adjustments will further meet the diversified shopping needs of travelers and will play a positive role in boosting domestic consumption and attracting inbound spending.
She said that the Customs authorities will upgrade the duty-free supervision system for island departures, deploy intelligent monitoring equipment and tighten digital oversight.
"All duty-free goods will be subject to full-process traceability, supported by dynamic risk-monitoring models to accurately identify and effectively curb illegal purchase activities," said Pan Cheng, director of the GAC's department of free trade zone and special control area.
China announced in 2018 that it would develop Hainan into a pilot free trade zone while gradually exploring and steadily promoting the establishment of an FTP with Chinese characteristics. In 2020, a master plan was unveiled to build the island into a globally influential and high-standard FTP by the middle of the century.
中新经纬1月11日电 (常涛)近日，一张三七互娱创始人、董事长李逸飞的朋友圈截图被热传。李逸飞在评论一篇文章时提到，“我们的父辈都是周六工作，为什么到我们就周六要休息，人为什么一定要周六休息？一定有人私下或者心理 春节档蝶变：从7亿到80亿，从影院冷清到票房飞驰 在刚刚结束的春节档，电影市场再度创造历史。据灯塔研究院最新发布的《龙腾虎跃，势如破竹――2024年春节档电影市场洞察报告》， 2024年春节档(2月10日-2月17日)，全国电 傅园慧包车遭遇临时加价 涉事司机被罚款3万元 中新网2月17日电 17日，游泳世界冠军傅园慧通过社交平台发布求助帖称，她在吉林长白山包车出行时遭遇勒索，询问网友是否需要报警。 之后傅园慧更新社交媒体表示，问题 中国经济导报 中国发展网讯 2024年春节期间，兰州市西固区各大旅游景区、乡村旅游点游人如织，气氛浓郁。全区共接待游客113.78万人次，同比增长10.52%。主要旅游景区客流回升明显，文旅消费态势强势复苏，文旅 中新经纬2月23日电 (周奕航)“和以往相比，今年的订单量足足翻了四五倍。”山东省菏泽市曹县的汉服加工厂老板陆平(化名)对中新经纬表示。 这个春节，马面裙火了。许多年轻人身穿马面裙，行走在大街小巷、灯展庙会间 国产手机为什么一机难求 手机市场高质量供给不仅能满足不断升级的消费需求，还能激发消费升级意愿，释放新的发展动能。拥有与时俱进的创新力，培育更多新质生产力，国产手机乃至中国制造才能更有竞争力。 近日，多家 。本文链接：Entry barriers eased at Hainan FTPhttp://www.sushuapos.com/show-5-78019-0.html
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