Hainan Free Trade Port Power Storage Cabinet 48V Tender
Hainan Free Trade Port refers to the designation of the entire island of, China, as a special economic development area and free-trade zone. It is the largest special economic zone in the (PRC). It is regarded as a special area for China to comprehensively deepen economic reform and experiment with the highest level of opening-up policies. [PDF Version]FAQs about Hainan Free Trade Port Power Storage Cabinet 48V Tender
What is the Hainan free trade port law?
On 10 June 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
What are the advantages of the Hainan FTP?
The advantages for foreign firms are clear. The Hainan FTP combines zero-tariff treatment for most imports with free circulation of goods on the island, slashing logistics and transaction costs.
When did Hainan free trade port get a customs clearance?
On 5 January 2024, the inspection area for railway freight trains at Huairou South railway station —the first railway customs clearance project of the Hainan Free Trade Port, built by the China Railway 25th Bureau Group—was completed.
Does Hainan free trade port have a corporate income tax policy?
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
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