Core Viewpoint - The Hainan Free Trade Port will officially commence its customs closure operations in one month, with significant implications for both internal and external trade dynamics on the island [1] Group 1: Customs Closure Operations - The customs closure is not a closure of the island but a policy aimed at creating a special customs supervision area, characterized by "first line" openness, "second line" control, and internal freedom [1] - The "first line" connects Hainan with foreign countries and regions, allowing for free and convenient entry and exit, while the "second line" connects Hainan with the mainland, requiring precise management [1][3] - The customs operations are set to begin with 10 "second line" ports conducting synchronized exercises, ensuring readiness for the upcoming closure [1][2] Group 2: Regulatory Framework - The customs authority has established a regulatory framework that emphasizes "first line" openness and "second line" control, ensuring efficient management of goods entering and exiting the island [3] - Specific measures include zero tariffs, processing value-added, and exemptions from tariffs for certain goods, which will be managed under a negative list system [4][5] Group 3: Zero Tariff Implementation - The zero tariff policy will allow a significant increase in the number of goods eligible for duty-free entry, expanding from over 1,900 to more than 6,600 tax items [4] - Only qualified entities can import goods under the zero tariff policy, excluding individuals, and goods processed in Hainan with over 30% value-added can enter the mainland without import duties [5] - Internal freedom allows for the flexible circulation of goods within the Hainan Free Trade Port, enabling businesses to trade surplus products among qualified entities [5]
海南封关运作准备就绪 实现“零关税”关键是搞清楚这12个字
Yang Shi Wang·2025-11-18 23:05