[Explanation] The "Overall Plan for the Construction of Hainan Free Trade Port" (hereinafter referred to as the "Overall Plan") pointed out that before 2025, the Hainan Island-wide customs closure operation will be launched in a timely manner, and a special area for customs supervision will be built.
[Explanation] On April 20, Shen Danyang, executive vice governor of Hainan Province, said at the 2022 Boao Forum for Asia Annual Conference that the customs closure operation of Hainan Free Trade Port is different from that of Hong Kong and Singapore, and it is still a special customs supervision area.
[Concurrent] Shen Danyang, Executive Vice Governor of Hainan Province
We now generally believe that the operation of customs closure should be done in accordance with the Free Trade Port Law and the overall plan of the Free Trade Port. It is not like the main body of Hong Kong, Singapore or a separate area after the customs closure, as everyone imagines. It is not such a situation. , or a special customs supervision area, mainly to implement "first-line release, second-line control" for goods, transportation vehicles and postal items, and a new management system and supervision system.
[Explanation] Shen Danyang pointed out that for enterprises, the most important business opportunity after customs closure is "zero tariff" and some value-added tax and consumption tax may be adjusted under the new tax system, and enterprises can reduce various costs.
[Concurrent] Shen Danyang, Executive Vice Governor of Hainan Province
For example, considering the simultaneous implementation of sales tax now, then there is no value-added tax. What does it mean? We often say that for enterprises, various costs will be reduced, and at the same time, it will bring about, because after the liberalization, not only tariffs, but also It will also bring about further relaxation of trade restrictions and prohibitions, such as quotas, licenses and qualifications. There may be relatively large changes, which will mean that what we could not do in the past, can not operate or have restricted operations now. The further you open up, the more freedom you will have.
[Explanation] Zhang Wei, deputy director of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce, said that what Hainan needs to accomplish is to be the first to try and lead, so no matter what advanced policies are given to Hainan, it is hoped that Hainan will continue to implement these policies in the future. Zoom in and explore a new path for independent opening up with Chinese characteristics.
[Concurrent] Zhang Wei, Vice President of the Institute of International Trade and Economic Cooperation of the Ministry of Commerce
No matter how regional economic cooperation develops, Hainan may have to stick to its position at the forefront of China's independent opening up. Combined with China's overall situation and Hainan's own development, we should explore more high-level opening systems, and then take it into consideration. Implement some more important, more cutting-edge, and more progressive areas in the process of regional economic cooperation or global economic development, and then do some exploration, which is not only beneficial to Hainan, China, but also the larger region, and more. Perhaps we want to make its due contribution to global open cooperation.
[Commentary] Zhang Wei said that although the process is difficult, he still expects that the closure of the Hainan Free Trade Port in 2025 will give China, the regional economy, and the global economy a very novel, expected and satisfactory answer sheet.
Reporter Liu Chao reports from Boao, Hainan
Responsible editor: [Chen Wentao]