The closure is imminent, and the construction of Hainan Free Trade Port is steadily advancing
On the morning of November 6th, General Secretary Xi Jinping listened to the report on the construction of Hainan Free Trade Port and delivered an important speech in Sanya, Hainan Province.
Free trade ports are the highest level of openness in the world today.
General Secretary Xi Jinping has issued a series of important instructions to guide the direction of the construction of Hainan Free Trade Port at a critical stage, including "placing institutional integration and innovation in a prominent position," "building a high-quality and high standard free trade port," "making Hainan Free Trade Port a beautiful business card showcasing China's style," and "scientifically planning for reform, opening up, and high-quality development before and after the closure.
On June 1, 2020, the "Overall Plan for the Construction of Hainan Free Trade Port" was announced, marking a crucial step forward in the construction of a free trade port with Chinese characteristics. From formal proposal to accelerated construction, Hainan has continued to promote the implementation of various policies for the free trade port, and a series of institutional opening-up measures have gradually turned from blueprints into reality, laying a solid foundation for the operation of the island's customs clearance.
Accelerate the implementation of tax policies -18 tax policies have been implemented. As of September this year, the value of imported goods on the "zero tariff" three lists was 27.06 billion yuan, and tax exemptions were 5.09 billion yuan. The cumulative domestic sales of value-added processing were 11.08 billion yuan, and tariffs were exempted by 860 million yuan.
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On December 18th of this year, Hainan Free Trade Port will undergo a full island closure operation. After the closure, a special customs supervision area was established throughout Hainan Island, implementing a liberalization and facilitation policy system with the basic characteristics of "opening up the 'first line', controlling the 'second line', and allowing freedom within the island".
The opening up of the "front line" refers to the implementation of a series of free and convenient entry and exit measures between Hainan Free Trade Port and other countries and regions outside China's customs territory as a "front line"; Controlling the "second line" refers to treating the relationship between Hainan Free Trade Port and the mainland as a "second line" and implementing precise management for the content that is opened up in the "first line"; Freedom within the island refers to the relatively free circulation of various factors within the Hainan Free Trade Port.
The closure of the entire island marks the beginning of a new phase in the construction of Hainan Free Trade Port. The construction of Hainan Free Trade Port is a task that requires long-term and sustained promotion. There is still a long way to go before the long-term goal of fully building a high-level free trade port with strong international influence by the middle of this century. Taking the closure as an opportunity, actively promoting the implementation and effectiveness of various policies, Hainan Free Trade Port will surely open up new opportunities in opening up and innovation, and create an important gateway leading China's opening up to the outside world in the new era.