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

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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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