The Ministry of Commerce, the National Development and Reform Commission, the Ministry of Ecology and Environment, the General Administration of Customs, and one other department jointly issued a notice on further raising the level of trade liberalization and facilitation in the Hainan Free Trade Port.
The notice outlines 16 measures across three areas: upgrading goods trade, promoting freer and more convenient services trade, and innovating new trade formats and models.
On upgrading goods trade, aviation kerosene entering bonded storage facilities within bonded supervision zones in the Hainan Free Trade Port for re-export will be inspected according to international standards.
Support will be given to integrating bonded warehouses and export supervision warehouses storing gasoline, kerosene, diesel, fuel oil, and naphtha in the Yangpu Economic Development Zone, with an innovative regulatory model featuring "two types of warehouse capacity, total volume approval, categorized adjustment, and dynamic use."
A pilot program will be launched in the Hainan Free Trade Port for importing faulty key components used in automobile R&D and testing.
After liquefied natural gas (LNG) futures are listed, support will be provided for the Hainan Free Trade Port to conduct LNG futures delivery warehouse-related business, allowing LNG futures bonded delivery to adopt energy metering. Overseas enterprises will be permitted to use bonded facilities at LNG receiving terminals in the Hainan Free Trade Port. New-type barter trade will be carried out steadily and orderly in the Hainan Free Trade Port, with encouragement for RMB-denominated pricing.
On promoting freer and more convenient services trade, foreign physicians who have obtained legal medical practice rights abroad and are invited, employed, or apply to engage in clinical diagnosis, treatment, and other activities in the Hainan Free Trade Port may be granted practice licenses valid for up to three years. Extensions may be processed according to regulations upon expiry.
Administrative licensing for foreign-related economic and technical exhibitions co-hosted with foreign institutions will be delegated to the Hainan Provincial Department of Commerce for implementation and effective supervision, excluding those bearing names such as "China," "Chinese," "National," or "State."
Hainan Province will formulate regulations for the Hainan Free Trade Port specifying dedicated supporting regulatory measures. Where relevant content is inconsistent with administrative regulations such as the Decision of the State Council on Setting Administrative Licensing for Administrative Approval Items That Truly Need to Be Retained, it will be handled according to procedures stipulated in the Hainan Free Trade Port Law of the People's Republic of China.
Domestic trade credit insurance services will be optimized, supporting domestic and foreign trade enterprises in the Hainan Free Trade Port to insure domestic trade risks, with increased underwriting support for integrated domestic and foreign trade. Focusing on international transportation, bonded maintenance, and other fields, insurance products will be enriched under controllable risks, services trade underwriting models will be innovated, and underwriting and claims services will be optimized.
Support will be given to the Hainan Free Trade Port to dynamically improve its list of recognized overseas professional qualifications, to foreign talents with overseas professional qualifications participating in title evaluations according to regulations, and to expanding channels for recognizing overseas professional qualifications. Entry facilitation for foreign personnel into the Hainan Free Trade Port will be further enhanced, with more convenient work permits and stay and residence policies.
On innovating new trade formats and models, the development of offshore trade will be accelerated, inter-departmental cooperation and sharing of offshore trade data and information will be strengthened, and data and information services will be enhanced.
Products produced through bonded remanufacturing in customs special supervision areas of the Hainan Free Trade Port will be allowed to leave the areas and enter domestic pilot free trade zones, with import tariffs, import-stage value-added tax, and consumption tax levied according to regulations. Relevant remanufactured products must meet all applicable technical requirements for equivalent new products and relevant regulations on remanufactured products, and must be prominently labeled as "remanufactured products."
The promotion of advanced process technologies for electromechanical product remanufacturing will be accelerated, and the technical level of bonded remanufacturing will be raised. Support will be given to the Hainan Free Trade Port to expand the "two-ends-abroad" bonded maintenance catalog as appropriate. For projects within the nationally permitted "two-ends-abroad" bonded maintenance product catalog, Hainan Province will organize comprehensive evaluations on its own and bear primary responsibility. Qualified projects may conduct related business within the Hainan Free Trade Port.
Support will be given to the Hainan Free Trade Port and Hong Kong to deepen economic, trade, and industrial cooperation, explore rule alignment and mechanism connectivity, improve cooperation mechanisms focused on economic and trade investment, and enhance the coordinated development level between the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area.
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