The Ministry of Commerce, the National Development and Reform Commission, the Ministry of Ecology and Environment, and the General Administration of Customs issued the “Notice on Further Raising the Level of Trade Liberalization and Facilitation at the Hainan Free Trade Port”. The notice proposes to innovate new trade formats and models. The details include: ① Accelerating the development of offshore trade, strengthening cooperation and sharing of offshore trade data and information between departments, and strengthening data and information services. ② Products manufactured under bonded remanufacturing in the special customs supervision area of the Hainan Free Trade Port are allowed to leave the domestic pilot free trade zone, and import tariffs, import value-added tax, and consumption tax are levied in accordance with regulations. Relevant remanufactured products shall comply with all applicable national technical requirements for the same new products and regulations relating to remanufactured products, and shall be prominently marked with “remanufactured products”. Accelerate the promotion of advanced process technology for the remanufacturing of mechanical and electrical products, and promote the improvement of the technical level of bonded remanufacturing. ③ Support the Hainan Free Trade Port to expand the “two ends outside” bonded maintenance catalogue in due course. For projects within the “two ends outside” bonded maintenance product catalogue permitted by the state, Hainan Province itself organizes a comprehensive evaluation and assumes the main responsibility. Those who pass the assessment can carry out related business within the Hainan Free Trade Port. ④ Support the Hainan Free Trade Port and Hong Kong to deepen economic and trade exchanges and industrial cooperation, explore the interface of rules and mechanisms, improve cooperation mechanisms focusing on trade and investment, and raise the level of collaborative development between the Hainan Free Trade Port and the Guangdong-Hong Kong-Macao Greater Bay Area. All relevant units should uphold and strengthen the overall leadership of the Party, coordinate development and security, carefully organize and implement various policies, fully support, guide and assist Hainan Province in carrying out all tasks, promote innovative trade development, promote the quality and efficiency of foreign trade, and build the Hainan Free Trade Port to a high standard. The relevant units in Hainan Province should effectively carry out their main responsibilities, improve working mechanisms, refine the breakdown of tasks, and implement them properly; establish and improve risk prevention and control systems, strengthen supervision of the whole process, do a good job in risk prevention and control, and firmly adhere to the bottom line of safety.

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