Haikou Integrated Free Trade Zone: Allow Enterprises to Enjoy Favorable Hainan FTP Policies

By / SSTV / Updated: 16:10,20-January-2022

The SSTV reporter learned from the Haikou Comprehensive Bonded Zone that with the construction of the Hainan free trade port, enterprises continue to settle in the zone; the bonded warehousing, export processing and other functions has emerged. The new projects under the preferential policies will promote the development of the FTP.

In recent years, the cluster of duty-free enterprises has begun to take shape in the Haikou Integrated Free Trade Zone. At present, seven of the eight offshore duty-free licensed enterprises in China have set up headquarters or operation centers in the park. In order to better serve these enterprises, the Hainan duty-free commodity public bonded warehouse project was started in the park on August 17th last year.

Zhang Po, project manager from Hainan Duty-Free Commodity Public Bonded Warehouse of Shanghai Construction Group said that now half of the work is almost done, and the steel structure of the two buildings is being constructed.

According to the General Administration of Customs, since December 1, 2021, the import and export management system of Free flow at the first line and effective control at the second line has been extended to the Haikou integrated Free Trade Zone. In order to make good use of this policy dividend, the park also built a new intelligent processing and manufacturing center.

“This project supports high-value-added products in the park. After its completion, it can speed up customs clearance and improve the facilitation of the entire cross-border e-commerce trade services. Most of the companies that we have communicated with sell electronic products or chips, as well as some deep-sea oil-drilling steel pipe companies,” said Zhang Kun, deputy general manager of Haikou Bonded Construction and Development Co., Ltd.

With the improvement of the enterprise supply chain, the Haikou Integrated Free Trade Zone continuously accelerates the construction of infrastructure facilities such as the public intelligent warehouse and standard factories in the park, allowing industrial projects to settle in at anytime. At the same time, the park also strengthens the software construction, establishes a professional investment attraction mechanism, and constantly highlights system integration and innovation. In 2021, cases of integrated innovation systems such as the“joint operation for one affair” were issued and announced by the system innovation cases of the Hainan Free Trade Port.

Xu Liang, deputy director of Haikou Integrated FTZ Management Committee said that in 2022, Haikou Integrated FTZ Management Committee will focus on building a cluster for advanced manufacturing industries, making good use of the processing value-added tax policy, and developing high-tech industries and medical device industries in the zone. On the other hand, the management committee will continue to optimize and ensure that the enterprises can enjoy the dividends brought by the import and export management policy system of the Hainan Free Trade Port.

Discover

×

Having questions about living or working in Hainan? Leave it below. 

Our Privacy Statement & Cookie Policy

By continuing to browser our site and use the services you agree to our use of cookies, Privacy Policy and Terms of Use. You can change your cookie settings through your browser.

I agree