Core Viewpoint - The General Administration of Customs of China has developed regulatory measures for the Hainan Free Trade Port to implement "zero tariffs" on imported goods and to streamline trade management, ensuring effective customs supervision after the island's closure to external trade [1]. Group 1: Import Regulations - The customs will enhance the facilitation of customs clearance for imported goods, allowing "zero tariff" goods and bonded goods to be released directly, except for those requiring inspection or permits [2]. - The policy was initially piloted in the Yangpu Bonded Port Area in June 2020 and has since expanded to other areas, significantly improving clearance times and reducing costs for enterprises [2]. Group 2: Export Regulations - Customs will establish both customs supervision channels and non-customs supervision channels at the "second line" ports, managing "zero tariff" goods and those benefiting from processing and trade management policies [3]. - A new "batch export, centralized declaration" model will be implemented, allowing enterprises to handle export procedures first and then complete customs declarations later, thus improving efficiency [3]. - The number of declaration items required for "second line" exports has been significantly reduced from 105 to 42, simplifying the process for enterprises [3].

Group 1 - The core viewpoint is that after the closure operation of Hainan Free Trade Port, customs will implement a management system that features "open on the first line, controlled on the second line, and free within the island" [1] - Customs will manage three categories of goods at the "second line" port: "zero tariff" goods, goods enjoying processing value-added policies, and goods with relaxed trade management measures [1] - The customs will set up customs supervision channels and non-customs supervision channels at the "second line port" to facilitate trade between Hainan and the mainland [1] Group 2 - The customs will implement a convenient clearance model called "direct release" for imported "zero tariff" goods and bonded goods, which simplifies the declaration process significantly [2] - The "direct release" policy was first piloted in June 2020 and has been gradually expanded to various bonded areas, allowing for a reduction in the number of declaration items from 105 to 33 for eligible goods [2] - Goods eligible for "direct release" are generally low-risk as they do not involve inspection, certification, or taxation, leading to faster clearance times [2]