Politics · China · 13 hrs ago

Hainan clarifies customs rules for its free trade port

Hainan clarifies customs rules for its free trade port

Three Hainan departments clarified customs rules for the island-wide customs arrangements at the Hainan Free Trade Port in southern China.

The arrangements distinguish between goods entering the port from abroad, called the “first line,” and goods moving from the port to mainland China, called the “second line.”

Under the new guidance, some imported goods stored in bonded facilities without being processed or otherwise changed will be treated under the first-line import rules if they later move to other parts of Hainan.

Earlier checks will not be repeated if those goods have already completed required inspections, quarantine and licence checks; other goods remain subject to existing rules.

Qualifying goods with at least 30% processing value added in Hainan by encouraged-industry businesses will follow the second-line policy when sold within the island.

The notice takes effect immediately and is intended to make trade easier and support the port’s development.

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Official statementGovernment statement reported by the outlet
The notice will help improve the management arrangements for the “first line” and “second line,” enhance trade liberalization and facilitation, increase the benefits felt by businesses, and provide strong support for the high-quality development and high-level opening-up of the Hainan Free Trade Port.
via China News Service