Core Insights - The article highlights the successful implementation and impact of the processing value-added tax exemption policy in Hainan Free Trade Port, which has significantly benefited local enterprises and stimulated economic growth [1][2][3]. Group 1: Policy Implementation - The processing value-added tax exemption policy was launched on July 23, 2021, with the first successful transaction occurring just 15 days after its announcement, showcasing the rapid execution of the policy [2]. - A comprehensive service system was established to support enterprises, including policy promotion, research, and business guidance, leading to an expansion of the policy's reach across Hainan [2][3]. Group 2: Economic Impact - Since the implementation of the policy, the cumulative internal sales value has reached 9.056 billion yuan, resulting in a tax exemption of 711 million yuan, illustrating the tangible benefits of the policy [3]. - The policy has enabled companies like Hainan Oscar International Grain and Oil Co., Ltd. to grow their annual output value from zero to 4.8 billion yuan within three years, indicating a significant economic uplift [4]. Group 3: Industry Diversification - The policy has facilitated the diversification of industries, expanding from initial focus on grain and oil processing to include sectors such as seafood, medical devices, petrochemical materials, textile processing, and coffee bean processing [5]. - The establishment of a health food industry cluster in Yangpu Economic Development Zone, focusing on premium meat, functional foods, plant protein foods, and healthy oils, demonstrates the policy's role in fostering industrial growth [4][5].

Core Points - The processing value of value-added processing in Hainan has exceeded 9 billion yuan, with tax reductions for enterprises amounting to 770 million yuan [1][2][3] - The policy of duty-free processing and value-added has expanded from the Yangpu Free Trade Port Area to the entire Hainan Free Trade Port, benefiting a wider range of enterprises [1][2] - The policy has led to a significant increase in the number of participating enterprises and the types of industries involved, including meat, seafood, and high-performance new materials [2][3] Group 1 - The processing value of value-added processing reached 90.56 billion yuan as of May this year, resulting in tax reductions of 770 million yuan for enterprises [2] - The policy has been fully implemented for all eligible enterprises in Hainan, excluding those with customs credit issues [2][3] - The policy has facilitated the rapid development and transformation of various industries, injecting new momentum into the manufacturing sector [2][3] Group 2 - The number of enterprises benefiting from the policy has doubled for three consecutive years, with significant increases in investment and output [3] - The online declaration system for processing and value-added trials has streamlined the approval process, reducing the time from 2-3 months to within 18 working days [3] - The policy has enhanced the market competitiveness of products by significantly lowering operational costs for companies [3][4]