Hainan Free Trade Port Enhances Trade Liberalization with New List of Prohibited and Restricted Goods

Strategic Insights -

The Hainan Provincial People's Government has issued a news release announcing the "List of Prohibited and Restricted Import and Export Goods and Articles in Hainan Free Trade Port", to be implemented from the date when the Hainan Free Trade Port is closed for operation. This list aims to further enhance trade liberalization and facilitation in the Hainan Free Trade Port, promoting transparency and openness in goods trade management. The list includes current management measures for prohibiting and restricting the import and export of goods and articles between Hainan Free Trade Port and other countries and regions outside the customs territory of the People's Republic of China.

Key Takeaways:

  • The new list includes the cancellation of import licenses for 60 commodity codes, requiring end-users to apply for imports, and the relevant goods cannot be circulated on the island or resold to the mainland.
  • The list also allows for bonded maintenance with "both ends outside" for goods with 38 commodity codes, which are not allowed to be circulated and used within China.
  • The implementation of the list will promote the transparency of goods trade management and the openness of goods trade in the Hainan Free Trade Port.
  • For countries not listed in the current list of management measures, the import and export (border) management measures for goods and articles will be implemented in accordance with unified national regulations.
  • Management measures not listed in the current list of management measures for goods and articles imported and exported through trade modes such as temporary entry and exit, inbound and outbound exhibitions, cross-border e-commerce, leasing trade, and processing trade will also be implemented at the "front line" in accordance with unified national regulations.
  • Goods that are subject to exceptional measures at the "front line" are allowed to circulate on the island in accordance with the law (except for those that are not allowed to be resold), and are subject to import management when entering other areas within the customs territory of the People's Republic of China from the Hainan Free Trade Port.

Statistics:

  • The new list includes 60 commodity codes for goods that require end-users to apply for imports and cannot be circulated or resold on the mainland.
  • 38 commodity codes are allowed for bonded maintenance with "both ends outside", which cannot be circulated and used within China.
  • The Hainan Free Trade Port is expected to enhance trade liberalization and facilitation, promoting transparency and openness in goods trade management.

Sources:

  • Hainan Provincial People's Government News Release, July 23: https://www.hainan.gov.cn/hainan/5309/202507/25220339746e494e875243a72699f047.shtml