Core Viewpoint - The official announcement of the Hainan Free Trade Port's closure is set for December 18, 2025, marking a significant milestone in the region's development and further opening up to international markets [2][4]. Group 1: Closure Policy and Implementation - The closure will transform Hainan Island into a customs supervision special zone, characterized by a policy of "one line open, one line controlled, and free flow within the island" [4]. - The closure is not intended to isolate the island but to enhance international connectivity and attract global resources, facilitating high-quality development of the Hainan Free Trade Port [4][5]. - Preparations for the closure policy are complete, including the establishment of tax exemption lists and necessary infrastructure [5][6]. Group 2: Tax Policies and Trade Facilitation - The "zero tariff" policy will significantly expand, covering more goods and increasing the range of beneficiaries, thereby reducing production costs and enhancing market vitality [7][8]. - The tax policies will allow independent legal entities registered in Hainan to import goods outside the taxable list without incurring import taxes, promoting trade freedom [7][8]. - The new tax framework will be implemented upon the closure, integrating existing zero tariff policies into the overall tax system for the Free Trade Port [7]. Group 3: Travel and Trade Impact - Travel to and from Hainan will remain unaffected, with no additional documentation required for travelers, ensuring smooth international and domestic connections [9]. - The current management of goods and personnel will largely remain unchanged, with only specific goods subject to inspection when entering the mainland [9]. Group 4: Economic Development and Open Policies - Hainan aims to leverage the closure to accelerate the establishment of an international tourism consumption center, enhancing the tourism experience and consumer confidence [10]. - From 2020 to 2024, Hainan's actual foreign investment is expected to exceed the total of the previous 32 years, with a significant annual growth rate in trade [11]. - The Ministry of Commerce will continue to support the development of Hainan as a key open platform, focusing on enhancing institutional openness and fostering new economic growth [12].

Core Viewpoint - The Hainan Free Trade Port is set to officially start its closure operation on December 18, 2025, following five years of construction and the establishment of a preliminary policy system [1] Group 1: Tax Policy Changes - After the closure, independent legal entities registered in Hainan Free Trade Port will be exempt from import taxes on goods outside the taxable item catalog [1] - The range of "zero tariff" goods will expand significantly from 1,900 to approximately 6,600 tax items, covering about 74% of all goods, an increase of nearly 53 percentage points compared to before the closure [2] - The threshold for the processing value-added goods to be exempt from tariffs has been lowered, allowing more enterprises to benefit from the policy [2] Group 2: Ongoing Tax Reforms - The Ministry of Finance has introduced multiple tax policies, including duty-free shopping for outbound tourists and preferential corporate and personal income tax rates [3] - The Ministry will continue to implement existing tax incentives to attract high-end talent and quality enterprises to Hainan [4] - The Ministry plans to actively research tax policies for imported goods consumed by local residents, allowing for duty-free purchases of certain imported products [4]

Core Points - The Hainan Free Trade Port is set to officially close its borders on December 18, 2025, with policies in place to facilitate travel and trade without requiring additional documentation for business trips or tourism [2][3] - The zero-tariff policy will expand significantly, increasing the number of zero-tariff items from 1,900 to approximately 6,600, covering about 74% of all product categories, which is an increase of nearly 53 percentage points compared to pre-closure [3] - The list of prohibited and restricted import/export goods has been systematically compiled, allowing businesses to clearly understand the management boundaries, with 60 old machinery product codes removed from import licensing requirements [4] Group 1: Policy Changes - The zero-tariff goods will now be managed under a negative list system, replacing the previous positive list, which will enhance the scope of eligible products [3] - The beneficiaries of the zero-tariff policy will expand to include various enterprises and non-profit organizations, not just registered independent legal entities [3] - The restrictions on the flow of zero-tariff goods will be relaxed, allowing for free movement among eligible entities without the need to pay import taxes [3] Group 2: Customs and Regulatory Measures - Customs will implement a dual-line management system, where imports are facilitated while exports are closely monitored, ensuring efficient and precise regulation [7] - The customs clearance process will be streamlined, reducing the number of required declaration items from 105 to 42, enhancing efficiency for businesses [7] - A new "batch export, centralized declaration" model will be introduced, allowing companies to handle export procedures separately from customs declarations [7] Group 3: Taxation and Economic Incentives - The Ministry of Finance will continue to promote tax reforms, including maintaining current corporate and personal income tax incentives to attract high-quality enterprises and talent to Hainan [8][9] - The zero-tariff product range will be continuously expanded, and adjustments to the import tax product list will be made as necessary [9] - Research will be conducted on tax policies for imported goods consumed by local residents, with plans to allow tax-free purchases of certain imported products [9][10]

Core Viewpoint - The establishment of the Hainan Free Trade Port (FTP) is a significant milestone in China's efforts to expand its openness and facilitate trade, with a focus on implementing a "one line open, two lines controlled, and free flow within the island" policy [2][7]. Policy Framework - The Hainan FTP has initially established a policy system that allows visa-free entry for personnel from 85 countries [3]. - The official launch date for the full island closure operation is set for December 18, 2025 [4]. Current Measures - The current closure policy measures can be summarized as "four more" enhancements: 1. More favorable "zero tariff" policies, increasing the proportion of zero-tariff goods from 21% to 74% [5]. 2. More relaxed trade management measures, allowing for open arrangements for previously restricted imports [5]. 3. More convenient passage measures through designated ports [5]. 4. More efficient and precise regulatory models for zero-tariff goods [6]. Trade and Investment - After the closure, there will be a significant increase in the coverage of zero-tariff goods, expanding from approximately 1,900 to about 6,600 tax items, which represents a 53 percentage point increase [10]. - The Ministry of Finance will continue to deepen tax reforms to ensure sustained policy benefits, including adjustments to the import tax item catalog and optimizing duty-free shopping policies [11][12]. Market Access - New measures will be introduced to further relax market access, particularly in service trade, and to create a transparent investment environment [9][15]. - The customs authority will simplify the declaration process for goods leaving the island, reducing the number of required declaration items from 105 to 42 [18]. Economic Performance - Over the past five years, Hainan has attracted a total of 102.5 billion yuan in foreign investment, with an annual growth rate of 14.6% [21].

Core Viewpoint - The establishment of a "zero tariff" policy in Hainan Free Trade Port marks a significant step towards trade liberalization and facilitation, with a comprehensive tax policy framework set to be implemented upon the port's closure [1][2]. Group 1: Tax Policy Changes - The new tax policy will implement a "zero tariff" system as the core of the goods trade liberalization, integrating existing "zero tariff" policies into a new framework [1]. - The policy includes three main components: exemption from import taxes for goods outside the import tax list for registered independent legal entities and qualifying organizations, free circulation of "zero tariff" goods and their processed products within the island, and exemption from import duties for goods produced by encouraged industries with over 30% value addition when entering the mainland [1]. Group 2: Policy Enhancements - The coverage of "zero tariff" goods will significantly increase from 1,900 to approximately 6,600 tax items, representing 74% of all goods, with a shift to a negative list management approach [2]. - The beneficiaries of the policy will expand from only registered independent legal entities and institutions to include all entities with actual import needs across the island [2]. - Restrictions on the policy will be relaxed, allowing "zero tariff" goods and their processed products to circulate freely among beneficiaries without the need to pay import taxes, enhancing the competitiveness of the local industry and promoting industrial clusters [2]. Group 3: Implementation and Future Outlook - The Ministry of Finance will monitor the implementation of these policies and make adjustments based on market feedback, collaborating with the Hainan provincial government to enhance services and management [2]. - Previous "zero tariff" policies on raw materials, transportation tools, and self-use production equipment have laid a foundation for the new system, contributing to a higher level of openness for Hainan Free Trade Port [2].

Core Viewpoint - The establishment of the Hainan Free Trade Port is a significant step towards enhancing international trade and economic cooperation, with a focus on high-quality development and increased openness [2][3][4][6]. Group 1: Policy Implementation - The "closure" of Hainan is not a restriction but a means to further open up and facilitate smoother international exchanges, maintaining efficient connections with the mainland [2][5][6]. - The current focus is on policy implementation to enhance the sense of gain for businesses and the public, integrating innovative systems, and establishing Hainan as a crucial point for domestic and international dual circulation [3]. Group 2: Taxation and Trade - The coverage of "zero tariff" goods has significantly increased, expanding from approximately 1,900 tax items to about 6,600 tax items, which constitutes 74% of all goods, marking a 53 percentage point increase compared to pre-closure policies [4]. - The implementation of a negative list management system for "zero tariff" goods will replace the previous positive list, indicating a substantial increase in the openness of the trade environment [4].

财政部：海南自贸港封关后零关税商品覆盖面显著提高 金十数据7月23日讯，财政部副部长廖岷在7月23日召开的国新办发布会上表示，与封关运作前政策相 比，"零关税"商品覆盖面显著提高。现行3张进口"零关税"商品清单共约1900个税目。全岛封关运作 后，进口"零关税"商品将实行负面清单管理，用进口征税商品目录取代此前的"零关税"商品正面清 单。"零关税"商品范围扩大至约6600个税目，占全部商品税目的比例达到74%，比封关前提高了近53个 百分点，显著提高了开放水平。享惠主体范围明显扩大。全岛封关运作后，享惠主体将基本覆盖全岛有 实际进口需求的各类企事业单位、民办非企业单位等。 （新华社） ...

Core Viewpoint - The Philippines will open its market to the United States and implement zero tariffs, indicating a significant shift in trade relations between the two countries [1] Group 1 - The announcement suggests a potential increase in trade volume between the Philippines and the United States, which could benefit various sectors in both economies [1] - The move may lead to enhanced investment opportunities for American companies in the Philippines, particularly in industries such as manufacturing and agriculture [1] - This development could also influence regional trade dynamics in Southeast Asia, as other countries may respond to the new trade policies [1]

Group 1 - The Indonesian Ministry of Economy has requested the United States to implement zero tariffs on its spices, cinnamon, coffee, and aircraft parts [1]

面对特朗普新一轮关税威胁，欧盟正在双线同时发力应对。 据媒体周一报道，欧盟高官透露，已准备价值210亿欧元的对美反制关税清单，同时积极寻求与印度等 亚太国家深化贸易合作，并计划与其他受美国关税冲击的国家协调行动。 Tajani进一步透露，如果与美国达成协议被证明不可能，欧盟准备的210亿欧元关税方案还可能跟进第二 套措施。不过他表示对谈判取得进展仍有信心。 关税伤害每一个人，首先是美国。如果股市下跌，将危及美国人的养老金和储蓄。 他强调目标应该是在加拿大、美国、墨西哥和欧洲之间实现"零关税"和开放市场。 深化亚太合作，寻求贸易新出路 面对美国关税威胁，欧盟正积极向亚太地区寻求新的贸易机会。欧盟竞争事务专员Teresa Ribera周一表 示，欧盟正寻求深化与印度和其他亚太国家的贸易协议。 综合央视新闻报道，当地时间7月12日，美国总统特朗普宣布自2025年8月1日起，美国将对来自墨西哥 和欧盟的输美产品征收30%的关税。作为回应，欧盟委员会主席冯德莱恩当地时间13日表示，将把对美 国关税的反制措施暂停期延长至8月初。 意大利外长Antonio Tajani周一接受媒体采访时表示，如果双方无法达成贸易协议，欧盟 ...