China unveils zero-tariff policy on some imported goods in Hainan FTP

06 Feb '26

1 min read

China unveils zero-tariff policy on some imported goods in Hainan FTP

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Insights

China has unveiled a zero-tariff policy on certain imported goods for consumption by residents in the Hainan Free Trade Port (FTP).
Effective immediately, the policy entails exemption of import duties, along with value-added tax and consumption tax levied at both the import and domestic stages, on eligible goods purchased by the FTP residents at designated retail stores.

China has unveiled a zero-tariff policy on certain imported goods for consumption by residents in the Hainan Free Trade Port (FTP).

Effective immediately, the policy was announced in a joint statement by the Ministry of Finance, the General Administration of Customs and the State Taxation Administration.

Import duties, along with value-added tax and consumption tax levied at both the import and domestic stages, will be exempted on eligible goods purchased by the FTP residents at designated retail stores.

Eligible residents include Chinese citizens with a Hainan identity card, a local residence permit or a local social security card, as well as overseas personnel who work and live in Hainan and hold valid residence permits, according to a state-controlled media outlet.

Each eligible resident is granted an annual duty-free shopping quota of 10,000 yuan ($1,437.4), with no limit on the number of purchases. The policy covers daily necessities.

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