5 regulations in Hainan pilot FTZ to be temporarily adjusted

The State Council has decided to make temporary adjustments on some regulations in the China (Hainan) Pilot Free Trade Zone, in a circular issued on June 18, in order to further promote reform and opening-up, and ensure the implementation of policies.

According to the announcement, five administrative rules concerning customs guarantee, import and export tariffs, international maritime transportation, inspection of vessels and marine installations, and management of domestic waterway transportation will be adjusted from now until Dec 31, 2024.

Ministries under the State Council, and the people’s government of Hainan province should make adjustments in their local regulations accordingly and establish appropriate management systems, the announcement read.