In the tide of globalization, free trade zones, as an important part of international trade, are constantly promoting the development of the world economy. Recently, the Measures for the Administration of Zero - Tariff Imported Means of Transport and Yachts in the Hainan Free Trade Port (Trial) (hereinafter referred to as the Measures) issued by the Peoples Government of Hainan Province is undoubtedly an important improvement of the Hainan Free Trade Port policy. It not only reflects the in - depth revision of the original policy but also clearly indicates the future development direction of the Hainan Free Trade Port. This article will deeply explore the main content of the Measures, the necessity of the reform, and the possible impact after implementation.

In 2018, the central government put forward the strategic positioning of building the Hainan Free Trade Port, among which the zero - tariff policy is one of the core contents. In 2020, the Measures for the Administration of Zero - Tariff Imported Means of Transport and Yachts in the Hainan Free Trade Port was implemented for the first time. In order to implement the relevant notices of the Ministry of Finance, the General Administration of Customs, and the State Taxation Administration, this measure played an important role in standardizing the implementation of the zero - tariff policy. However, during the implementation of the policy, there were some unclear and inaccurate policy regulations and regulatory requirements. In addition, the new policy adjustment in 2023 included 22 new commodities in the zero - tariff list, which also prompted the Measures to be revised and improved at the institutional level.

(I) Further Improve the Qualification Determination and Change of Import Enterprises
To ensure the correct implementation of the zero - tariff policy, the revision emphasizes the importance of the qualification determination of import enterprises. Among them, the relevant business licenses or filing documents of the transportation and tourism industries are taken as the determination conditions and are linked to the types of means of transport to be imported. This not only improves the pertinence of the policy but also raises the industry threshold. In addition, the further refinement of the change situations of the import subject and the supervision and management requirements helps to strengthen the long - term supervision of import enterprises.

(II) Clarify the Time Limit for Registration or Filing
This revision helps to strengthen the supervision of imported means of transport, ensuring that all import activities are carried out within the specified time frame, and improves the execution efficiency and transparency of the policy.

(3) Refine the management requirements for zero - tariff imported vehicles
The revisions in this part particularly focus on the scope of use and management of imported vehicles. For example, the supervision of small and micro - sized passenger car rentals has been strengthened to ensure the rational operation of these vehicles in the Hainan Free Trade Port, and regulations on vehicles leaving the island have been formulated to prevent the abuse of the zero - tariff policy.

(4) Refine the management requirements for zero - tariff imported ships and yachts
The revision of management requirements for ships and yachts is of great significance for promoting the development of maritime transportation and tourism in the Hainan Free Trade Port. These revisions aim to ensure that the operation of ships and yachts complies with the original intention of the zero - tariff policy, and also encourage an increase in ship voyages.

(5) Refine the management requirements for zero - tariff imported aircraft
Regarding the management of aircraft, special emphasis is placed on its use in air transportation operations, and the possibility of dry - lease is restricted, which helps to ensure the effective utilization of aircraft in the Hainan Free Trade Port.Air Transportation(6) Refine the management requirements for zero - tariff imported recreational or sports - type vehicles and boats

This revision is aimed at the management of recreational or sports - type vehicles and boats, which is of great significance for the development of Hainans tourism industry, especially water - based recreational activities.
(7) Refine the supervision and management requirements

Revisions in aspects such as strengthening industry supervision, revenue verification, and credit management are to ensure the sound operation of the zero - tariff policy and prevent violations.
(8) Strengthen information sharing

This revision is to establish a more efficient supervision system, achieve full - chain closed - loop supervision of imported vehicles and yachts, and improve supervision efficiency and transparency.
(9) Improve the content related to legal liability

The punishment measures for violations are clarified to strengthen the deterrence of the law and ensure the solemnity of the policy.
The implementation of the Administrative Measures will have a profound impact on the economic development of the Hainan Free Trade Port. Firstly, it will enhance the adaptability and pertinence of the zero - tariff policy, helping to attract more investors and enterprises to enter the Hainan Free Trade Port, especially playing a positive role in promoting the development of transportation and tourism. Secondly, by strengthening departmental linkage and coordinated supervision and improving the full - chain supervision mechanism, risks can be effectively prevented and controlled, which is crucial for maintaining a good business environment in the Hainan Free Trade Port. Finally, this series of revisions and improvements also provides a clear guidance for the long - term development plan of the Hainan Free Trade Port. It not only emphasizes the applicability and pertinence of the policy but also reflects the continuous adjustment and improvement of the government in the policy implementation process.

Overall, the release of the Administrative Measures is an important supplement to the policy system of the Hainan Free Trade Port. It not only improves the integrity and pertinence of the policy but also provides a more definite direction for the future development of the Hainan Free Trade Port. With the implementation of these new policies, we have reasons to believe that the Hainan Free Trade Port will play an increasingly important role in Chinas and even the global trade landscape.

Analysis of New Policies on the Management of Zero - Tariff Imported Vehicles and Yachts in Hainan Free Trade Port | Shanghai Import/Export Agent