Four departments: Further enhance the level of trade liberalization and facilitation in the Hainan Free Trade Port

Zhitong Finance APP has learned that on October 29, the Ministry of Commerce and three other departments issued a notice on further improving the level of trade liberalization and facilitation in the Hainan Free Trade Port. Among other things, it mentions promoting the optimization and upgrading of goods trade. Aviation kerosene that enters independent bonded storage facilities within bonded supervision sites in the Hainan Free Trade Port from overseas and is used for re-export shall be inspected in accordance with international standards. Support shall be given to integrating, within the Yangpu Economic Development Zone, bonded warehouses and export supervision warehouses that store gasoline, kerosene, diesel, fuel oil, and naphtha, and to innovatively implementing the regulatory model of "two types of warehouse capacity, total volume approval, classified adjustment, and dynamic use." A pilot for the import of key faulty components for automotive R&D and testing shall be carried out in the Hainan Free Trade Port. After liquefied natural gas (LNG) futures are listed, support shall be given to the Hainan Free Trade Port in carrying out business related to LNG futures delivery warehouses, and LNG futures bonded delivery business shall be allowed to adopt energy metering.