The Hainan government recently approved 19 new measures to stabilize growth in foreign trade, including guidelines to boost imports, optimizations on trade structures and improvements in the trade environment.

In order to push forward the implementations of various preferential policies for constructing an international tourism island, the government will strongly support the construction of the Sanya Haitang Bay Duty-Free Shopping Mall to optimize the shopping and pick-up services for tourists and support the development of the yacht and cruise industry in Hainan to promote the pilot water bonded warehouse.

To help enterprises further expand their export markets, the government will organize its enterprises to attend trade fairs at home and abroad and encourage enterprises to seek economic cooperation with countries along the 21st century Maritime Silk Road.

To optimize the environment of foreign trade, the measures will include increasing the efficiency of customs clearance, alleviating burdens for domestic enterprises, pushing forward the cross-border E-commerce trade system, striving for a pilot zone of cross-border business trade and canceling the scale threshold for enterprises with high credit levels.


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