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News  ›  GlobeNewswire Inc.

Hainan FTP's customs closure begins: departure of duty-free processed and value-added goods from island

GlobeNewswire Inc. Logo GlobeNewswire Inc. By The Publicity Department Of The Sanya Municipal Party Committee
Hainan FTP's customs closure begins: departure of duty-free processed and value-added goods from island

Hainan Heren Pearl Co., Ltd. shipped the first batch of duty-free processed jewelry from Sanya following the customs closure at Hainan Free Trade Port. The company reduced its comprehensive tax rate from 51.92% to 25.56%, lowering production costs. Sanya has attracted major jewelry companies and established industrial parks, with 9,838 new declaration units registered this year and 650 million yuan in zero-tariff imports generating 150 million yuan in tax savings.

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JPMpD   positive

Set a fresh record, stock price increased 1.90%


ZHAOY   positive

Established presence in Sanya's jewelry industrial parks, benefiting from FTP policies and the developing full-chain industrial ecosystem.