Hainan's Grain and Oil Processing Industry Exports 2,000 Tons of Edible Vegetable Oil Abroad

Hainan Province has made significant strides in its grain and oil processing industry, with the Hainan Free Trade Port policy playing a crucial role in facilitating international sales. The first batch of 2,000 tons of edible vegetable oil was successfully exported from the Hainan Free Trade Port, marking a major breakthrough for the industry. Produced by Hainan Ausk International Grain and Oil Co., Ltd. (Ausk), the vegetable oil was made from imported raw materials and leveraged the policies of the Free Trade Port to achieve a significant increase in overseas sales.

Key Takeaways:

• The Hainan Free Trade Port policy has enabled Hainan Province to successfully export its grain and oil processing products abroad, with the first batch consisting of 2,000 tons of edible vegetable oil.
• The vegetable oil was produced by Ausk, a key enterprise in the industry with an annual output value of approximately 5 billion yuan, using imported raw materials.
• Yangpu Customs under Haikou Customs established a dedicated "one-on-one" service team to provide specialized guidance on importing countries' access rules, inspection standards, and customs declaration procedures to Ausk.
• The convenient entry and exit measures implemented by the customs department, such as "entry first, inspection later" and "appointment inspection + one ticket for multiple vehicles," have shortened customs clearance times and reduced operating costs for companies.
• The Hainan Free Trade Port will officially launch its island-wide customs clearance operation on December 18 of this year, unlocking greater policy benefits, including an increase in the proportion of zero-tariff commodity items from 21% to 74%.
• The policy dividends of the Hainan Free Trade Port, combined with its advantageous location, are expected to enable Ausk to rapidly integrate into the global industrial chain and build an internationally competitive grain and oil brand.

Statistics:

• 2,000 tons: The amount of edible vegetable oil exported from the Hainan Free Trade Port.
• 5 billion yuan: The annual output value of Ausk, a key enterprise in the industry.
• 21%: The current proportion of zero-tariff commodity items in the Hainan Free Trade Port.
• 74%: The expected proportion of zero-tariff commodity items after the Hainan Free Trade Port launches its island-wide customs clearance operation.
• December 18: The scheduled launch date of the Hainan Free Trade Port's island-wide customs clearance operation.

Sources:

• Hainan Provincial People's Government: "Hainan's grain and oil processing industry has successfully entered the international market with the help of the free trade port policy."
• Yangpu Customs under Haikou Customs: "The policy dividends of the Hainan Free Trade Port, combined with its advantageous location, will enable us to more rapidly integrate into the global industrial chain."
• Li Enhua, Director of the Local Inspection Division of Yangpu Customs under Haikou Customs: "Hainan's first export of vegetable oil epitomizes the vibrant growth of the grain and oil processing industry under the policy dividends of Hainan's Free Trade Port."