The value of domestic sales under the duty-free policy for processing and value-added in Hainan Free Trade Port has exceeded 7 billion yuan

According to statistics from Haikou Customs on February 19, since the implementation of the duty-free policy for processing and value-added domestic sales in the Yangpu Free Trade Port Area in July 2021, as of February 16 this year, the value of processing and value-added domestic sales reached 7.05 billion yuan, with approximately 560 million yuan in duties exempted. So far, a total of 113 enterprises in Hainan have been approved as pilot enterprises for processing and value-added, benefiting multiple industries including agricultural and sideline food processing, pharmaceutical manufacturing, general equipment manufacturing, and jewelry