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Sanya to hold Hainan FTP zero-tariff import auto exhibition

Print chinadaily.com.cn Updated: 2022-07-05

According to the Sanya municipal bureau of commerce, the 2022 Hainan Free Trade Port "zero-tariff" import auto exhibition will be held from July 6 to 10 at the Hainan Duty-Free Auto Trade Center in Sanya.

Dozens of "zero-tariff" automobiles, such as the Rolls-Royce Cullinan, Lamborghini URUS, Lexus LM300, Toyota Erffa, and Mercedes-Benz GLS, will be showcased at the exhibition.


 
The 2022 Hainan Free Trade Port "zero-tariff" import auto exhibition will be held in Sanya from July 6 to 10. [Photo/Hainan Daily]

The Hainan FTP's zero-tariff policy for imported vehicles is one of its unique policies. According to the list of "zero-tariff" vehicles and yachts in Hainan Free Trade Port, imported auto tariffs, including customs duties, value-added tax, and consumption tax, should be exempted in Hainan. The tax-free limit ranges from 40 percent to 116 percent.

With the full implementation of Hainan's zero-tariff automobile policy in 2022, Hainan is expected to become China's next big port for imported vehicles. "Zero-tariff" auto sales are expected to become the main pillar industry of Hainan's duty-free import business.

The Hainan Duty-Free Auto Trade Center covers an area of more than 5,000 square meters. It is currently the largest "zero-tariff" automobile professional experience center in Hainan, providing one-stop services for car dealers and car buyers.

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