Cost of a 75kW Battery Cabinet in Hainan Free Trade Port

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4 FAQs about Cost of a 75kW Battery Cabinet in Hainan Free Trade Port

How will Hainan free trade port change?

* The proportion of tariff lines with zero-tariff products in the Hainan Free Trade Port will increase from 21 percent to 74 percent. Imported products that undergo at least 30 percent value-added processing in Hainan can enter the mainland tariff-free. Certain goods currently banned or restricted nationwide will enjoy open policies in Hainan.

How will Hainan Island be regulated before 2025?

Before Year 2025, full implementation of Zero-Tariffs on the entire Hainan Island, which will be applied to import duties, import VAT and consumption tax. Free flow through the first line (to Hainan Island) & efficient control at the second line (to mainland market).

How many duty-free items are there in Hainan?

Vice Minister of Finance Liao Min noted that the number of duty-free items in Hainan will increase from about 1,900 to around 6,600, marking a significant boost in openness.

Will Hainan become a free-trade zone?

In April 2018, China announced a decision to develop Hainan into a pilot free-trade zone while gradually exploring and steadily promoting the establishment of an FTP with Chinese characteristics. In June 2020, a master plan was unveiled to build the island into a globally influential and high-level FTP by the middle of the century.

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