The Ministry of Finance and two other departments have released the tax policies for goods entering and leaving the entire island of Hainan Free Trade Port.

According to the Securities Times app, on July 23, in order to steadily promote the construction of the Hainan Free Trade Port, the Ministry of Finance, General Administration of Customs, and State Taxation Administration jointly issued the "Notice on the Tax Policies for the Import and Export of Goods in and out of the Hainan Free Trade Port and the circulation of goods within the island" and the "Notice on the Catalogue of Imported Taxable Goods in the Hainan Free Trade Port", specifying the tax policies for goods when the entire island of the Hainan Free Trade Port is closed off. The policy stipulates that a "first line" will be established between the Hainan Free Trade Port and other countries and regions outside the People's Republic of China, and a "second line" will be established between the Hainan Free Trade Port and other areas within the People's Republic of China.