Editor’s Note
This article highlights a key development in Hainan’s trade liberalization, with the first “zero-tariff” goods utilizing a new “bonded exhibition and sales” model. The import of high-value Tahitian pearls underscores the practical benefits of the free trade port policies for businesses and consumers.
HAIKOU, Jan 23 (Xinhua) — A batch of Tahitian black pearls valued at approximately 4.825 million yuan entered Hainan on the 22nd under a “zero-tariff” arrangement. According to customs authorities, these pearls were declared for import by Hainan Haizhu Pearl Co., Ltd. They represent the first batch of “zero-tariff” goods in Hainan to adopt the “bonded exhibition and sales” model. They will be formally introduced to the market through an open auction at the Hainan Free Trade Port Pearl Innovation Auction Fair, offering new experiences such as on-site viewing and appraisal, auction bidding, and personalized processing.
This initiative leverages the policy advantages of the Free Trade Port to innovate the “trade + processing” scenario. It guides enterprises in conducting the country’s first specialized exhibition and trading event for high-end “zero-tariff” pearls.
Previously, to enrich the application scenarios of core Free Trade Port policies and support Hainan’s pearl industry development, Sanya Customs engaged with enterprises to understand their needs, helping them grasp policy essentials and clarify business procedures.
Subsequently, this batch of goods can be flexibly arranged based on the actual transaction situation between the trading parties. Options include selling to non-eligible entities or individuals after paying the corresponding import duties, or being processed by enterprises under a processing增值 plan. After meeting conditions such as achieving a增值 rate exceeding 30%, they can be re-exported (“secondary line”) to enjoy the exemption of import and export duties.
Industry insiders introduced that the new “zero-tariff” commodity exhibition and trading model not only leverages policy advantages such as no storage location restrictions for “zero-tariff” goods, easing capital占用 pressure for eligible entities, but also promotes the import of “zero-tariff” commodities by processing增值备案 enterprises, realizing the transition from sample exhibition to processing order成交. (End)
