Core Insights - The implementation of the "zero tariff" policy for imported raw materials in Hainan has significantly reduced costs for companies, enhancing their competitiveness and encouraging further investment in the region [1][2][4]. Group 1: Policy Impact on Companies - Hainan Airlines successfully imported three meteorological radar devices, saving approximately 14% in costs due to tax exemptions totaling 530,792 yuan [1]. - The policy has led to a cumulative import of 1,063 batches of "zero tariff" raw materials worth 8.689 billion yuan, resulting in tax exemptions of 1.186 billion yuan as of June this year [2]. - The policy has expanded to cover various industries, including petrochemicals, medical devices, and aviation materials, injecting new vitality into industrial development [2]. Group 2: Service and Support Mechanisms - The Haikou Customs has established a comprehensive service mechanism to assist companies in navigating the new policy, ensuring smooth implementation and compliance [3]. - Customized policy interpretation and support services have been provided to enterprises, facilitating the application of the "zero tariff" policy [3]. Group 3: Policy Evolution and Upgrades - The "zero tariff" policy has undergone significant upgrades, expanding from an initial list of 169 items to 653 items, effectively doubling the range of products eligible for tax exemptions [4]. - The policy has been dynamically adjusted based on feedback from enterprises, enhancing its applicability and effectiveness in supporting local industries [4][5]. Group 4: Broader Economic Implications - The policy has broken traditional regulatory constraints, allowing for broader applicability across various sectors and contributing to the establishment of a modern industrial system in Hainan [5]. - The proactive approach of Haikou Customs in advocating for policy enhancements has further strengthened the economic landscape of the Hainan Free Trade Port [4][5].

Group 1 - The successful release of imported crude oil by Jingbo (Hainan) New Materials Co., Ltd. at Yangpu Port marks the first implementation of the "zero tariff" policy for raw materials in Hainan Free Trade Port [1] - The value of the imported crude oil is 18.22 million yuan, resulting in a tax reduction of 2.368 million yuan, which enhances the company's confidence in developing in Hainan [1] - Jingbo (Hainan) New Materials Co., Ltd. has established a production facility with an annual capacity of 2 million tons of asphalt, focusing on applications in road traffic and building waterproofing [1] Group 2 - The "zero tariff" policy for raw materials was implemented in December 2020, allowing companies registered in Hainan Free Trade Port to import raw materials for production without paying import tariffs, VAT, and consumption tax [2] - Over the past four years, the policy has expanded from 187 items to 653 items, covering various sectors including food processing, biopharmaceuticals, and aviation maintenance [2] - The Haikou Customs has introduced 297 new items under the "zero tariff" policy, enhancing the efficiency of the policy and supporting the development of a modern industrial system with Hainan characteristics [2]