We will increase policy support such as export tax rebate, credit guarantee and credit, and reduce the processing time of export tax rebate for enterprises to less than 6 working days. Optimize foreign exchange services. Develop new foreign trade formats, set up 152 cross-border electronic commerce comprehensive test area, and support the construction of a number of overseas warehouses. Give play to the role of China International Import Expo (CIIE), Canton Fair, Service Trade Expo, Consumer Expo and other major exhibitions.
We will introduce regulations for the implementation of the Foreign Investment Law and constantly optimize the foreign investment environment. Promote customs clearance facilitation, reduce import and export customs clearance time by 67% and 92% respectively, and significantly reduce the compliance cost of import and export links. The overall level of tariffs dropped from 9.8% to 7.4%. Comprehensively deepen the pilot of innovative development of service trade and launch a negative list of cross-border service trade.
Hainan province's action policy
Hainan unswervingly speeds up the construction of Hainan Free Trade Port, leads the opening-up in the overall strategic situation of serving to build a new development pattern, and strives to build Hainan Free Trade Port into an important intersection of double cycles, which shows China's determination that "the door to opening will only grow wider".
With the full start of the current preparations for customs clearance, all 25 customs clearance projects led by Hainan have started construction. The "three lists" were implemented in an orderly manner. 15% individual and enterprise income tax concessions increased by 122.7% and 35.7% respectively, and policies such as direct supply of bonded oil across customs areas, special measures for market access, and simplified foreign exchange management were implemented or completed one after another. Policies such as "zero tariff" for self-use production equipment have been rolled up.