Group 1 - Hainan Free Trade Port officially launched its island-wide customs closure on December 18, marking a significant step in its development [1] - The "second line port" serves as a crucial connection between Hainan Free Trade Port and other provinces, with specific management measures for three categories of goods: zero-tariff goods, goods enjoying processing value-added policies, and goods with relaxed trade management [1] - The customs authority has implemented a system with 16 channels at the inspection site, with 9 currently in use, including both regulated and non-regulated channels for different types of goods [1] Group 2 - The "no-feeling customs clearance" is a key feature of the island-wide customs closure, supported by smart customs supervision platforms and international trade "single window" systems for efficient and secure passage [2] - After goods declaration through the single window, data is synchronized with the customs supervision platform for risk assessment, allowing for streamlined clearance processes [2] - Hainan has established 8 open ports and 10 "second line ports," enhancing infrastructure and regulatory frameworks to ensure seamless integration of rapid customs clearance and effective supervision [2] Group 3 - Hainan Zhanbang Pharmaceutical Co., a foreign-invested enterprise, has benefited from the processing value-added policy, resulting in a tax exemption of 350,000 yuan for its products [3] - The processing value-added policy has allowed companies like China Petroleum Hainan Refining and Chemical Co. to reduce production costs by 400 yuan per ton, enhancing product competitiveness [3] - The island-wide customs closure is seen as a pivotal moment in Hainan's Free Trade Port development, leveraging policy advantages to foster economic growth [3]
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