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More imported products to enjoy zero-tariff policy in Hainan Free Trade Port

Source: Xinhua

Editor: huaxia

2025-07-23 13:19:00

The State Council Information Office (SCIO) holds a press conference on the development of Hainan Free Trade Port in Beijing, capital of China, July 23, 2025. Wang Changlin, deputy head of the National Development and Reform Commission, Liao Min, vice minister of finance, Yuan Xiaoming, assistant minister of commerce, Wang Lingjun, deputy head of the General Administration of Customs, Feng Fei, secretary of the Communist Party of China (CPC) Hainan provincial committee, and Liu Xiaoming, governor of Hainan Province, attended the press conference in Beijing on Wednesday. (Xinhua/Pan Xu)

BEIJING, July 23 (Xinhua) -- The proportion of tariff lines with zero-tariff products in Hainan Free Trade Port will increase from 21 percent to 74 percent, according to a press conference held on Wednesday.

Wang Changlin, deputy head of the National Development and Reform Commission, announced that the free trade port will launch island-wide independent customs operation on Dec. 18, 2025.

Vice Minister of Finance Liao Min noted that duty-free items in Hainan will increase from about 1,900 to around 6,600, marking a significant boost in openness.

Imported products that undergo at least 30 percent value-added processing in Hainan can enter the mainland tariff-free. Certain goods currently banned or restricted nationwide will enjoy open policies in Hainan.

"We will take a targeted regulatory approach of low-intervention and high-efficiency for zero-tariff and relaxed management goods, ensuring smooth implementation of the opening-up policies," Wang said.