According to local authorities, duty-free imports reached 2.26 billion yuan during the period, while the number of newly established foreign-invested enterprises increased by 35.5% year-on-year.
One of the clearest examples of the new policy’s effectiveness is the delivery of advanced pharmaceutical equipment from Italy to Hainan Zambon Pharmaceutical. Thanks to the zero-tariff regime, the company has already saved more than 1 million yuan in customs costs and successfully launched a new production line.
Company representatives said the new equipment will more than double the efficiency of pharmaceutical packaging operations and increase annual production capacity by an additional 15 to 17 million packages. Another major advantage is the ability to ship goods to mainland China under the preferential policies currently in place.
Hainan authorities expect the Free Trade Port to continue attracting international businesses and strengthen the island’s position as one of Asia’s leading logistics, trade, and investment hubs.
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