4 FAQs about Explosion-proof communication power cabinet for highways in Hainan Free Trade Port

How does Hainan free trade port work?

For transshipment cargos that are shipped from overseas, reloaded, sorted and assembled at the Hainan Free Trade Port and then shipped to other countries or regions, the customs procedures will be simplified. There is no storage period for the cargos in Hainan Free Trade Port, and the storage location can be chosen freely.

Does Hainan free trade port require customs formalities?

There is no need to go through customs formalities for goods transshipped to the rest of China at the Hainan Free Trade Port. They shall be loaded and unloaded at the workplaces (sites) under customs supervision in the free trade port, stored separately from other goods under customs supervision, and identified with obvious marks.

Why did Xi Jinping support Hainan?

Providing support for Hainan to explore and make steady headway in the construction of a free trade port with distinctive Chinese features and to establish a free trade port policy and system in multiple steps and phases is a major measure that General Secretary Xi Jinping personally planned, deployed, and promoted to expand reform and opening up.

Will Hainan free trade port issue local government bonds?

The Hainan Free Trade Port is encouraged to issue local government bonds to eligible global investors. Hainan will make overall arrangement of central funds and own financial resources to establish the Construction Investment Fund for Hainan Free Trade Port which will operate under government guidelines and market rules. 15.

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