BEIJING: The benefits of zero-tariff policies for businesses will be expanded after the Hainan Free Trade Port launches the island-wide independent customs operation, according to guest speakers on the latest episode of the China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency.
For businesses, development potential will be broadened significantly. The scope of zero-tariff goods will be expanded greatly, import and export regulations will be relaxed further, and import costs will be lowered, enabling companies to better integrate into global industrial and supply chains, said National Development and Reform Commission official Cai Ping.
