Home  >  Media  >  Free Trade Port News

Key policies for the Hainan FTP in China (18): Ships engaged in domestic and foreign trade transiting through the Yangpu Port will be permitted to refuel with bonded oil

China is in the process of creating the world's largest free trade port on the southern island province of Hainan. The master plan for the development of the Hainan FTP was officially released on June 1, 2020. The plan proposes high level international economic and trade standards and the establishment of a policy and institutional system compatible with global high-level free trade ports. Specific policies in 11 key areas including freedom and convenience of trade, investment, and cross border capital flows have been formulated, and the province is committed to creating a lawful, international, convenient business environment and developing the Hainan FTP as an open door allowing access to China.

Over the last three years, the Hainan FTP has put several core policies into place including visa-free entry for citizens of 59 countries, a preferential 15% tax policy, and more, creating excellent opportunities for investors and entrepreneurs from all over the world interested in developing business in China. In order to allow better understanding of the Hainan FTP policies and provide a reference tool for investors, entrepreneurs, and individuals from across the globe making important business decisions, the Hainan International Media Center has launched a special weekly policy guide to help you learn more about this vibrant island province by providing in-depth explanations of specific Hainan FTP policies.

This week's recommended reading: 

copyright © 2020 Hainan High People's Court

Qiong ICP 05002153