In the tide of globalization, free trade zones play a vital role in international trade, driving global economic development. The recently released Hainan Free Trade Port Zero Tariff Imported Vehicles and Yachts Management Measures (Trial) (hereinafter referred to as the Measures) by the Hainan Provincial Government represents a significant refinement of Hainan Free Trade Port policies. It not only reflects in-depth revisions to existing policies but also provides clear guidance for the future development of Hainan Free Trade Port. This article explores the main content, necessity of reforms, and potential impacts of the Measures.

In 2018, the central government proposed the strategic positioning of Hainan Free Trade Port, with the zero tariff policy as a core component. In 2020, the Hainan Free Trade Port Zero Tariff Imported Vehicles and Yachts Management Measures was first implemented to standardize the policy in line with notices from the Ministry of Finance, General Administration of Customs, and State Taxation Administration. However, during implementation, ambiguities in regulatory requirements emerged. Additionally, the 2023 policy adjustment added 22 new items to the zero tariff list, necessitating revisions to the Measures.

(I) Further Improve the Qualification Determination and Change of Import Enterprises
To ensure proper implementation of the zero tariff policy, the revisions emphasize stricter qualification criteria for importers. Linking transportation and tourism business licenses or filings to specific vehicle categories enhances policy targeting and raises industry standards. Furthermore, refined requirements for importer changes and supervision strengthen long-term oversight.

(II) Clarify the Time Limit for Registration or Filing
This revision helps to strengthen the supervision of imported means of transport, ensuring that all import activities are carried out within the specified time frame, and improves the execution efficiency and transparency of the policy.

(3) Refining management requirements for zero tariff imported vehicles
This revision specifically focuses on the usage scope and management of imported vehicles. For example, it strengthens supervision over the rental of small and mini buses to ensure their proper operation in the Hainan Free Trade Port, along with regulations on island exit management, all aimed at preventing abuse of the zero tariff policy.

(4) Refining management requirements for zero tariff imported ships and yachts
The revised management requirements for ships and yachts are significant for promoting maritime transportation and tourism development in Hainan Free Trade Port. These revisions ensure compliance with the original intent of the zero tariff policy while encouraging increased ship voyages.

(5) Refining management requirements for zero tariff imported aircraft
Regarding the management of aircraft, special emphasis is placed on its use in air transportation operations, and the possibility of dry - lease is restricted, which helps to ensure the effective utilization of aircraft in the Hainan Free Trade Port.Air Transportation(6) Refine the management requirements for zero - tariff imported recreational or sports - type vehicles and boats

(6) Refining management requirements for zero tariff imported recreational or sports vehicles and boats
(7) Refine the supervision and management requirements

Revisions in aspects such as strengthening industry supervision, revenue verification, and credit management are to ensure the sound operation of the zero - tariff policy and prevent violations.
Revisions strengthening industry supervision, revenue verification, and credit management aim to ensure proper implementation of the zero tariff policy and prevent violations.

This revision is to establish a more efficient supervision system, achieve full - chain closed - loop supervision of imported vehicles and yachts, and improve supervision efficiency and transparency.
(9) Improve the content related to legal liability

The punishment measures for violations are clarified to strengthen the deterrence of the law and ensure the solemnity of the policy.
The implementation of the Administrative Measures will have a profound impact on the economic development of the Hainan Free Trade Port. Firstly, it will enhance the adaptability and pertinence of the zero - tariff policy, helping to attract more investors and enterprises to enter the Hainan Free Trade Port, especially playing a positive role in promoting the development of transportation and tourism. Secondly, by strengthening departmental linkage and coordinated supervision and improving the full - chain supervision mechanism, risks can be effectively prevented and controlled, which is crucial for maintaining a good business environment in the Hainan Free Trade Port. Finally, this series of revisions and improvements also provides a clear guidance for the long - term development plan of the Hainan Free Trade Port. It not only emphasizes the applicability and pertinence of the policy but also reflects the continuous adjustment and improvement of the government in the policy implementation process.

The implementation of the Management Measures will profoundly impact Hainan Free Trade Ports economic development. Firstly, it enhances the adaptability and targeting of the zero tariff policy, attracting more investors and enterprises, particularly benefiting transportation and tourism sectors. Secondly, strengthened interdepartmental coordination and comprehensive supervision mechanisms effectively prevent and control risks, crucial for maintaining a favorable business environment. Finally, these revisions provide clear guidance for long-term development planning, demonstrating both policy applicability and the governments commitment to continuous improvement.

Analysis of New Policies on the Management of Zero - Tariff Imported Vehicles and Yachts in Hainan Free Trade Port | Shanghai Import/Export Agent