Hainan Free Trade Port Modular Energy Storage Cabinet 1200mm Deep

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4 FAQs about Hainan Free Trade Port Modular Energy Storage Cabinet 1200mm Deep

What is the Hainan free trade port catalogue?

The Catalogue of Encouraged Industries in Hainan Free Trade Port consists of two parts: the encouraged industries in the existing national catalogue of industries, and the newly added encouraged industries in Hainan Free Trade Port.

Is Hainan a free trade zone?

China already has 22 free trade zones (FTZs), but Hainan represents a fundamentally different level of openness. Most FTZs are limited to specific urban areas and focus on upgrading local industries. Hainan has transformed an entire island into a unified free trade port, with its own customs, tax and regulatory system.

Does Hainan have a duty-free policy?

Companies importing machinery and materials could reduce tax costs by around 20%. 30% value-added rule: Products processed in Hainan with at least 30% of their value added locally can enter the Chinese mainland duty-free. In simple terms, Hainan is saying: don't just pass goods through – do real work here.

How does Hainan work?

Hainan is attempting something broader: activating goods, capital, people and data simultaneously. Eighty-six countries now enjoy visa-free entry to Hainan. Capital flows are easier to manage across borders. Goods move with fewer tariffs and fewer barriers. And administrative systems are being redesigned to reduce friction wherever possible.

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Hainan Free Trade Port Encouraged Industries Catalogue (2024 edition)

This catalogue applies to enterprises engaged in production and operation within the Hainan Free Trade Port, with foreign-invested enterprises following the “Catalogue of Industries for
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Catalogue of Encouraged Industries in Hainan Free Trade Port

On January 27, 2021, the National Development and Reform Commission and the Ministry of Commerce jointly issued the Catalogue of Encouraged Industries in Hainan Free Trade Port.
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As global trade faces rising tariffs and growing protectionism, China is moving in the opposite direction by opening one of its doors wider. That door is Hainan, a tropical island now being
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