China to Draft First Cross-Border Services Trade List for Hainan Free Trade Port


The Chinese government has shed further light on key industries that will be targeted by the proposed Hainan Free Trade Port.

On 1 June the Cen­tral Com­mit­tee of the Chi­nese Com­mu­nist Party and the State Coun­cil jointly is­sued the long-awaited “Hainan Free Trade Port Con­struc­tion Mas­ter Plan” (海南自由贸易港建设总体方案), pro­vid­ing a de­tailed blue­print for its am­bi­tions to cre­ate a tar­iff-free low tax port in the province. 

At a press conference held on 8 June deputy commerce minister Wang Shouwen (王受文) said that the Free Trade Port would see the establishment of a “one negative and three positive” “zero tariff” list.

Wang said that China would formulate its first “negative services trade list” for cross-border services and trade in 2020, specifically targeting cross-border payments and offshore consumption.

Deputy commerce minister Zou Jiayi (邹加怡) said that the “one negative three positive” list would encompass:

  1. A negative list for manufacturing equipment used by enterprises themselves;
  2. A positive list for transport vehicles, including ships, aircrafts and yachts, that are used by the transit and tourism sectors;
  3. A positive list for raw materials used in export processing and production on the island itself.
  4. A positive list for imported commercial goods consumed by residents of the island.

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