Hainan FTP's customs closure begins: departure of duty-free processed and value-added goods from island

Core Insights - The first shipment of duty-free processed goods from Hainan Heren Pearl Co., Ltd. marks a significant milestone for the Hainan Free Trade Port (FTP) following customs closure [1][2] Group 1: Company Developments - Hainan Heren Pearl Co., Ltd. has successfully transported 18K gold seawater pearl jewelry from Sanya to Guangzhou, utilizing the FTP's import and export management system [1][2] - The company has benefited from a reduction in the comprehensive tax rate from 51.92% to 25.56%, significantly lowering production costs and enabling competitive retail pricing [3] - The savings from reduced tariffs allow the company to invest more in research and development, driving industrial transformation [3] Group 2: Industry Growth - Sanya has actively promoted the gold and jewelry industry by leveraging zero-tariff and low-tax policies, establishing industrial parks that attract major companies [4] - The industrial cluster effect is becoming evident, with a full-chain ecosystem for the gold and jewelry industry taking shape, including raw material imports, refining, processing, exhibition, and sales [4] - Since the beginning of the year, Sanya Customs has registered 9,838 new declaration units, a year-on-year increase of 40.34%, indicating a thriving processing trade sector [5] - The value of zero-tariff imported goods has reached 650 million yuan, resulting in nearly 150 million yuan in tax reductions for businesses, enhancing market competitiveness [5]