Business · Companies · 5 hrs ago

Hainan's new customs system expands import duty exemptions

Hainan's new customs system expands import duty exemptions

Hainan, a province in southern China, switched to a new customs system in December 2025.

The system increased the number of products exempt from import duties from 1,900 to 6,600, covering 74% of the total product range.

The exemptions apply to organizations on the island with a genuine need to import goods, while passenger travel remains under the previous rules.

Experts say the system reduces logistics costs and eases trade between production stages.

They also say it gives manufacturers better access to raw materials and ways to move finished products.

The changes are part of a broader central government effort to modernize goods trade, lift restrictions on services trade and encourage imports and exports.

Professor Pei Guangyi expects institutional changes to help drive Hainan's future growth, though no specific timeline for that growth is given.

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What people are saying

Pei GuangyiProfessor at Hainan Normal University’s School of Economics and Management
In the future, Hainan's high-quality development will no longer rely on overlapping strategic measures, but rather on precise, systematic regulations that transform openness into sectoral growth.
via ChinaNews, as quoted by TASS
Song XiangqingDeputy head of the Commerce Economy Association of China
clearly defined the rules for interregional trade
via TASS
opened strategic channels for the flow of raw materials and finished products between the upstream and downstream segments of the production chain
via TASS