The Hainan Free Trade Port has been in operation for over a hundred days. Nearly 100000 new business entities have been added, with foreign trade imports and exports increasing by over 30%, and offshore duty-free sales exceeding 14.2 billion yuan. Behind the report card, a judgment is becoming clear: the real gold and silver brought by institutional integration innovation to enterprises is the fundamental reason why Hainan has won the favor of the global market. From the perspective of customs operation, examine the institutional system. Sealing off is not a simple combination of "low tax rates". From the regulatory model of "opening up the front line and regulating the second line", to the iterative upgrade of the policy of processing value-added without tariffs; From the negative list of cross-border service trade to the multifunctional free trade account system, each system is not an isolated "preference", but a mutually supportive and collaborative institutional ecosystem. From the perspective of customs operation, governance and security. The promulgation and implementation of the Hainan Free Trade Port Law of the People's Republic of China elevate the core system to a law. In today's rapidly restructuring global economic and trade rules, the rule of law business environment is increasingly becoming the "hard currency" of international competition. With the protection of the rule of law, enterprises do not have to worry about the policy of "turning over Shaobing (Baked cake in griddle)", but can invest, operate and develop with confidence. Market selection from the perspective of customs operation. Siemens Energy has settled in Hainan, focusing on the synergy of the industrial chain brought about by the combination of bonded maintenance and aviation material tax exemption systems; Auska Company has jumped from an annual output value of 1 billion yuan to 7 billion yuan, benefiting from the iterative upgrade of its value-added processing policy from "chain owner exclusive" to "upstream and downstream sharing". After a hundred days of lockdown, 180 countries and regions have invested in Hainan, and nearly 90% of enterprises believe that the business environment has improved. Enterprises vote with their feet for a predictable and trustworthy institutional environment. Looking at the global coordinates from the perspective of customs operation. Currently, global economic and trade rules are undergoing profound adjustments, shifting from factor flow based openness to institutional openness such as rules, regulations, management, and standards, which has become a common direction for major economies in the world. The exploration of Hainan Free Trade Port is China's proactive move in this process. From the opening of the first seventh freedom passenger route to the transfer of funds between the multi-functional free trade account and 99 countries and regions, Hainan is becoming an important gateway connecting mainland China with the global market. In the long run, production factors are more willing to gather in institutional highlands. This is not a local experience of any region, but a fundamental law of global resource allocation. When the rules are predictable, the rule of law is guaranteed, and the market is open enough, capital, talent, and technology will naturally vote with their feet. The operation of customs clearance is only a "small lotus that can show its sharp edges", and the magnificent scene of "endless blue lotus leaves connecting the sky" will become the future of Hainan Free Trade Port. (New Society)
Edit:He Chuanning Responsible editor:Su Suiyue
Source:People's Daily
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