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Wang Changlin, deputy head of the National Development and Reform Commission (NDRC), announced that the free trade port will launch island-wide independent customs operation on December 18, 2025. The proportion of tariff lines with zero-tariff products in Hainan Free Trade Port will increase from 21 percent to 74 percent.
On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
South China’s tropical island province of Hainan is intensifying efforts to establish itself as a high-level free trade port (FTP) by 2025. Key plans were outlined in a government work report presented during the annual session of the Hainan Provincial People’s Congress on Tuesday.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
Wang Changlin, deputy head of the National Development and Reform Commission (NDRC), announced that the free trade port will launch island-wide independent customs operation on December 18, 2025. The proportion of tariff lines with zero-tariff products in Hainan Free Trade Port will increase from 21 percent to 74 percent.
(2) Improving the implementation mechanism. Under the guidance of the Leading Group for Promoting Hainan to Further All-Round Reform and Opening up, Hainan Province must earnestly fulfill its main responsibilities, strengthen organizational leadership, and make every effort to make headway in the construction of Hainan Free Trade Port.
The Ministry of Commerce will make more efforts to support Hainan in aligning with high-standard international economic and trade rules, enhancing institutional openness, and fostering new growth drivers through targeted measures, Jiang said.
To minimize the dependence on grid-supplied electricity, ports are also investing in renewable generation notably PV solar on warehouse roofing and parking areas. Energy storage is also needed to optimize utilization of in-port generation and avoid curtailment when generation exceeds the available demand.
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ESSOP has explored two ways in which ports can minimize their energy costs by using energy storage: • Optimising how to use PV solar generation to offset grid electricity. The wholesale price of energy varies every half-hour, and on a time-of-day tariff this variation is passed onto users.
Customize your container according to various configurations, power outputs, and storage capacity according to your needs. Lower your environmental impact and achieve sustainability objectives by using clean, renewable solar energy. Lower energy/maintenance costs ensure operational savings.
PNG Power has installed a 150kW rooftop solar PV system at the Mineral Resources Authority (MRA) office in Mining Haus, Konedobu, Port Moresby. This installation was done through PNG Power’s two-megawatt rooftop solar PV pilot programme in the Port Moresby grid.
PNG Power has worked with the Mineral Resources Authority (MRA) to install a 150kW rooftop solar PV system at the MRA office in Mining Haus, Konedobu, Port Moresby. One of them, the MRA, launched its 150kW rooftop solar PV system at MRA Haus in Port Moresby on Tuesday.
Explore Our Solar Energy Projects. TAG Energy has installed solar systems in most of Papua New Guinea’s provinces and districts, specifically the Southern Highlands Province, Western Highlands Province, Central Province, East New Britain, Autonomous Region of Bougainville, Samarai Murua District, Popondetta, and the National Capital District.
They usually operate in one of four modes – grid-tie mode, hybrid mode, backup mode, and off-grid mode. Be warned! Hybrid inverters are generally not recommended for fully off-grid solar installations in a typical Australian household.
