Hainan's 100-Day Post-Customs Closure Milestone: Key Financial Figures Revealed

Deep News
Mar 28

March 27 marks the 100th day since Hainan Free Trade Port commenced full island customs closure operations. This period has been characterized by vigorous advancement, increased openness, and dynamic economic activity.

Policy implementation has enabled businesses to benefit significantly. At the primary customs boundary, imports designated as "zero-tariff" goods reached a value of 1.696 billion yuan, resulting in tax reductions totaling 271 million yuan. For processing activities at the secondary customs line, value-added tariff-exempt goods were valued at 314 million yuan, with tariff exemptions amounting to 15.5802 million yuan.

Tourism and passenger flow have demonstrated strong momentum. During the recent Spring Festival holiday, Hainan received 12.3205 million tourist visits. Citizens from 86 countries can now enter visa-free. On January 17, inbound travelers were seen queuing at Haikou Meilan Border Inspection Station. On December 18, Sanya Phoenix International Airport welcomed the first group of inbound passengers following the full island customs closure.

Since the implementation of customs closure, visa-free inbound passengers have totaled 217,000. Duty-free sales across the island's offshore departure channels reached 15.6 billion yuan. Foreign trade import and export volume exceeded 80 billion yuan. Shoppers were observed making purchases at the Sanya International Duty-Free Shopping Complex.

A total of 7,503 foreign trade enterprises have completed registration procedures since the customs closure took effect. Newly registered market entities reached 85,000, including 70,100 enterprises, representing a year-on-year growth of over 90%. High-level projects have been successively launched, contributing to the enhancement and upgrading of Hainan's industrial structure.

As the initial hundred-day period concludes, Hainan continues to expand through openness and address challenges through innovation. The Hainan Free Trade Port is accelerating its progress toward a more promising future.

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