Hainan Boosts Duty-Free Policy to Strengthen Free Trade Port
Highlights
Starting November 1, Hainan's upgraded duty-free policy adds 47 categories, enhancing shopping for travelers and boosting tourism.
Effective November 1, Hainan's offshore duty-free policy for travelers departing the island has undergone a significant revision and upgrade. This new policy introduces 47 categories of duty-free commodities, expanding the variety of available products. This enhancement not only broadens the scope of the policy but also increases the supply of goods, ultimately elevating the shopping experience for consumers.
The revision to Hainan's duty-free shopping policy is seen as a crucial move to bolster the ongoing development of the Hainan Free Trade Port. By adding more product categories, Hainan aims to stimulate tourism and enhance its appeal as a shopping destination. This significant step is expected to provide a strong impetus for trade and economic growth, reflecting the province's ambition to establish itself as a vibrant hub for international trade.
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