General

New forces in international trade! Launched the "Hainan Islands Tax Free New Year Carnival Season", arranged funds to encourage tax exempt business entities, further enriched the supply of tax exempt markets in the islands, and promoted the synchronization of tax exempt brands, varieties, and prices in the islands with the international market... Hainan Provincial Government jointly launched multiple initiatives with tax exempt business entities to optimize the tax exempt consumption environment in the islands, and further stimulate the tax exempt consumption vitality in the islands while promoting the steady expansion of the market.

"According to the feedback from some platforms, many tourists will travel in Hainan for holidays." Yao Lei, a first level inspector of Hainan Provincial Department of Commerce, said that in order to further release the consumption vitality, Hainan recently launched the "Hainan Islands Tax Free New Year Carnival Season", which will last until February 5, 2023 (the 15th day of the first lunar month) to create a series of promotional activities.

According to reports, there are currently 6 duty-free business entities and 12 duty-free shops on outlying islands in Hainan. During the activity, the promotion activities of tax exempt business entities will combine sports competition, artistic performance, interesting interaction and other elements to create multiple scenes and enrich consumers' shopping experience. In addition to offline physical stores, online shopping malls will also participate in activities. Each store has issued coupons in the application software "Haiyi Office" offshore duty-free zone to provide more discounts for passengers.

While increasing promotion efforts, Hainan also fully guaranteed product supply and took multiple measures to stimulate market vitality. Haikou Meilan International Trade Airport will resume several cargo routes to Paris, Milan, Zurich, Sydney and other places, and will also orderly resume, encrypt or open new international trade routes to Southeast Asia, Europe and the United States, so that duty-free goods can enter the island more quickly and conveniently; Haikou Customs deepens the implementation of the innovative mode of conditional release and supervision of duty-free imported food and cosmetics in Hainan outlying islands, implements 24-hour scheduled customs clearance, and arranges special personnel to be on duty on holidays, so as to ensure the rapid inspection and release of hot selling goods such as duty-free imported cosmetics and food on outlying islands and their timely sale on the shelves.

To promote the gathering of global consumption resources, Hainan actively promotes global international trade enterprises and brands to share the Chinese market, and constantly expands the spillover effect of the Consumer Expo. On October 28, Haikou International Trade Duty Free City officially opened, attracting more than 800 international and domestic well-known brands to settle in, including 25 Hainan duty free stores' first brands and 78 Hainan Islands' exclusive brands of Duty Free China Exemption Group; On November 27, the investment promotion team led by Hainan International Economic Development Bureau went to Japan to carry out a 15 day in-depth investment promotion activity to provide "one-stop" full process services for Japanese enterprises and brand layout in Hainan.

Liu Feng, director of the Free Trade Port Research Center with Chinese Characteristics of Hainan Normal University, said that with the domestic economy picking up and improving, people's confidence in consumption has increased, which will significantly promote the comprehensive recovery of the duty-free market in Hainan's outlying islands.