China News Agency, Beijing, June 1st: The Central Committee of the Communist Party of China and the State Council recently issued the "Overall Plan for the Construction of Hainan Free Trade Port" (hereinafter referred to as the "Plan"), which is divided into overall requirements, system design, step-by-step arrangements, organization and implementation 4 parts.
The Plan clearly states that the implementation scope of Hainan Free Trade Port is the entire island of Hainan Island. By 2025, initially establish a free trade port policy system focusing on free trade facilitation and free investment facilitation. By 2035, the free trade port system and operation mode will become more mature. By the middle of this century, a high-level free trade port with strong international influence will be fully established.
In terms of system design, the Plan proposes to focus on trade and investment liberalization and facilitation, supported by the cross-border free and orderly safe and convenient flow of various production factors and the modern industrial system, with special tax system arrangements and efficient social governance The system and the complete legal system are the guarantees. On the premise of clarifying the division of labor and mechanism measures, and keeping the bottom line of no systemic risks, we will build a policy system of Hainan Free Trade Port.
"Plan" pointed out that Hainan Free Trade Port implements free trade facilitation. Under the premise of achieving effective supervision, a special area for customs supervision of island-wide customs clearance operation shall be built. For trade in goods, the system of liberalization and facilitation with "zero tariff" as the basic feature is implemented. With regard to trade in services, the policy measures of liberalization and facilitation with the basic characteristics of both "access and access" are implemented.
The "Plan" makes it clear that free investment and convenience will be implemented, and market access for Hainan Free Trade Port will be greatly relaxed. Implement free and convenient cross-border capital flows, adhere to financial services for the real economy, focus on trade and investment liberalization and facilitation, open capital projects in stages, and promote the free and convenient flow of Hainan Free Trade Port and overseas funds in an orderly manner.
The "Proposal" proposes to implement free and convenient access for personnel. According to the development needs of Hainan Free Trade Port, for high-end industrial talents, implement a more open talent and residence policy to create a high ground for talent gathering. Under the premise of effectively preventing and controlling hidden dangers related to foreign security risks, a more convenient entry-exit management policy will be implemented. Free and convenient transportation is implemented. Implement a highly free, convenient and open transportation policy, promote the construction of a new international shipping hub and aviation hub in the western land and sea corridor, and accelerate the construction of a modern comprehensive transportation system.
"Plan" is clear, the implementation of safe and orderly data flow. Under the premise of ensuring safe and controllable data flow, we will expand the openness of the data field, innovate the design of security systems, achieve full data aggregation, and foster the development of a digital economy.
The "Proposal" proposes to vigorously develop tourism, modern service industry, and high-tech industries, continually strengthen the foundation of the real economy, and enhance industrial competitiveness. Accelerate the development of Sanya to the home port of international cruises, support the construction of cruise tourism pilot areas, and attract international cruises to register. Establish a pilot zone for reform and development of the yacht industry. Support the creation of national tourist resorts and 5A scenic spots.
The "Plan" clearly states that, in accordance with the principles of zero tariffs, low tax rates, simplified taxation, strong rule of law, and stages, gradually establish a taxation system that is compatible with high-level free trade ports. Focus on promoting the reform of government institutions and the transformation of government functions, encouraging the integration of technologies such as blockchain to the modernization of governance systems and governance capabilities, and building a complete, scientific, and effective free trade port governance system.
The "Proposal" proposes to establish a free trade port rule of law system based on the Hainan Free Trade Port Law and an important composition of local regulations and commercial dispute resolution mechanisms to create an international first-class free trade port rule of law environment. Formulate and implement effective measures to prevent major risks in the fields of trade, investment, finance, data flow, ecology and public health. (Finish)