Docking International High-Standard Economic And Trade Rules And Promoting The Innovative Development Of Trade In Goods Will Bring Three Benefits

The State Council recently issued a notice to take the lead in carrying out pilot projects in five qualified free trade pilot zones including Shanghai, Guangdong, Tianjin, Fujian, and Beijing, and the Hainan Free Trade Port to align with international high-standard economic and trade rules and promote institutional opening. The relevant person in charge of the Ministry of Commerce stated at the regular policy briefing of the State Council held on June 30 that promoting the innovation and development of trade in goods has always been the focus of system innovation in pilot free trade zones and free trade ports. The pilot docking will bring real benefits to relevant enterprises and consumers.

The first benefit is the launch of the pilot program for the import of remanufactured products. It is clarified that relevant measures to prohibit or restrict the import of old products in my country are not applicable to qualified imported remanufactured products. This will promote the import of remanufactured products, meet domestic demand, and reduce business costs. , Rich consumer choice.

The second benefit is the exemption of tariffs on aircraft and ships that temporarily leave the country for repairs and then re-transport into the Hainan Free Trade Port. This will help reduce the repair costs of related aviation companies and shipping companies, and better enjoy the policy dividends of Hainan Free Trade Port.

The third advantage is that for goods that are allowed to enter the special customs supervision area of Hainan Free Trade Port from abroad for repairs, they will be exempted from customs duties if they are re-exported; At the same time, allowing goods that are not re-exported to be sold domestically will benefit the development of related maintenance industries.