China-Hainan FTP/New Law
Beijing, China - June 21, 2021 (CCTV - No access Chinese mainland)
1. Press conference in progress
2. Press
3. SOUNDBITE (Chinese) Wang Chaoying, member, Standing Committee of 13th National People's Congress (NPC) (starting with shot 2):
"First, in terms of delegated legislation and management mandate, the law stipulates that the country establishes a leadership mechanism for the Hainan FTP and an administrative system specially tailored according to its needs."
4. Various of press
5. SOUNDBITE (Chinese) Wang Chaoying, member, Standing Committee of 13th National People's Congress (NPC) :
"Second, in terms of trade liberalization and facilitation, the law stipulates a commodity trade monitoring mode in which the front line will be liberalized while the second line will be controlled. Cross-border trade in services outside the negative list will be managed in accordance with the internal consistency, according to the law. Thirdly, in terms of investment liberalization and facilitation, the law promotes a streamlined approval and investment system to improve the investment promotion and protection mechanism. The law also strengthens IP protection and promotes the 'market access upon commitment' system. A negative list for foreign investment, especially for easy market access, will also be applied."
6. Press
7. SOUNDBITE (Chinese) Wang Chaoying, member, National People's Congress Standing Committee:
"Fourth, in terms of the taxation system, the law follows the principles of simplifying taxation, zero tariff and low tax rates. It stipulates the requirements of simplifying taxation during and after custom clearance at the FTP, qualifications for exemption of custom duty, taxation arrangements for goods flowing between the inland and the FTP as well as preferential policies for eligible enterprises and personals' income taxation."
8. Various of press
9. SOUNDBITE (Chinese) Wang Chaoying, deputy, National People's Congress Standing Committee:
"Fifth, the law stipulates that Hainan implements the strictest ecological and environmental protection institutions, adopting the one-vote veto system for environmental protection and lifelong accountability for damage to the ecological environment."
FILE: Hainan Province, south China - 2021 (CCTV - No access Chinese mainland)
10. Various of staff members working for clients at One-stop Service for Investment in Hainan
Haikou City, Hainan Province, south China - Recent (Hainan Broadcasting Group - No access Chinese mainland)
11. Various of visitors at exhibition, products
12. Various of worker sorting goods on shelves
13. Worker driving forklift to transport goods
14. Truck passing through logistics center entrance
15. Aerial shots of truck, containers
FILE: Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
16. Aerial shots of city view
The law on the Hainan Free Trade Port (FTP) adopted earlier this month is set to realize improved administration, liberalization and facilitation of trade, investment, streamlined taxation as well as environmental protection, among others, officials said when introducing the new law at a Monday press conference.
The law on the Hainan FTP, adopted by the National People's Congress Standing Committee on June 10, is widely seen as a move making institutional arrangements for the construction of the Hainan FTP at the national legislative level.
"First, in terms of delegated legislation and management mandate, the law stipulates that the country establishes a leadership mechanism for the FTP and an administrative system specially tailored according to its needs," said Wang Chaoying, member of the Standing Committee of the National People's Congress.
Wang added that under the new law, the State Council and relevant departments will promptly authorize or entrust the Hainan provincial government and relevant department to exercise administrative mandates in accordance with the law and their needs.
The law also authorizes Hainan people's congress and and its standing committee to formulate regulations on the FTP in accordance with this law and actual needs.
"Second, in terms of trade liberalization and facilitation, the law stipulates a commodity trade monitoring mode in which the front line will be liberalized while the second line will be controlled. Cross-border trade in services outside the negative list will be managed in accordance with the internal consistency, according to the law," said Wang.
"Third, in terms of investment liberalization and facilitation, the law promotes a streamlined approval and investment system to improve the investment promotion and protection mechanism. The law also strengthens IP protection and promotes the 'market access upon commitment' system. A negative list for foreign investment, especially for easy market access, will also be applied," he said.
"Fourth, in terms of the taxation system, the law follows the principles of simplifying taxation, zero tariff and low tax rates. It stipulates the requirements of simplifying taxation during and after custom clearance at the FTP, qualifications for exemption of custom duty, taxation arrangements for goods flowing between the inland and the FTP as well as preferential policies for eligible enterprises and personals' income taxation," said Wang.
Officials added that Hainan's natural environment is its greatest advantage, and its economic development must not be pursued at the expense of the environment.
"Fifth, the law stipulates that Hainan implements the strictest ecological and environmental protection institutions, adopting the one-vote veto system for environmental protection and lifelong accountability for damage to the ecological environment," said Wang.
The law also sets out institutional and policy systems for the FTP in terms of industry development, support for professionals and others, he said.
China-Hainan FTP/New Law
Dateline : June 21, 2021/FIle
Location : Hainan; Beijing,China
Duration : 2'16
Beijing, China - June 21, 2021 (CCTV - No access Chinese mainland)
1. Press conference in progress
2. Press
3. SOUNDBITE (Chinese) Wang Chaoying, member, Standing Committee of 13th National People's Congress (NPC) (starting with shot 2):
"First, in terms of delegated legislation and management mandate, the law stipulates that the country establishes a leadership mechanism for the Hainan FTP and an administrative system specially tailored according to its needs."
4. Various of press
5. SOUNDBITE (Chinese) Wang Chaoying, member, Standing Committee of 13th National People's Congress (NPC) :
"Second, in terms of trade liberalization and facilitation, the law stipulates a commodity trade monitoring mode in which the front line will be liberalized while the second line will be controlled. Cross-border trade in services outside the negative list will be managed in accordance with the internal consistency, according to the law. Thirdly, in terms of investment liberalization and facilitation, the law promotes a streamlined approval and investment system to improve the investment promotion and protection mechanism. The law also strengthens IP protection and promotes the 'market access upon commitment' system. A negative list for foreign investment, especially for easy market access, will also be applied."
6. Press
7. SOUNDBITE (Chinese) Wang Chaoying, member, National People's Congress Standing Committee:
"Fourth, in terms of the taxation system, the law follows the principles of simplifying taxation, zero tariff and low tax rates. It stipulates the requirements of simplifying taxation during and after custom clearance at the FTP, qualifications for exemption of custom duty, taxation arrangements for goods flowing between the inland and the FTP as well as preferential policies for eligible enterprises and personals' income taxation."
8. Various of press
9. SOUNDBITE (Chinese) Wang Chaoying, deputy, National People's Congress Standing Committee:
"Fifth, the law stipulates that Hainan implements the strictest ecological and environmental protection institutions, adopting the one-vote veto system for environmental protection and lifelong accountability for damage to the ecological environment."
FILE: Hainan Province, south China - 2021 (CCTV - No access Chinese mainland)
10. Various of staff members working for clients at One-stop Service for Investment in Hainan
Haikou City, Hainan Province, south China - Recent (Hainan Broadcasting Group - No access Chinese mainland)
11. Various of visitors at exhibition, products
12. Various of worker sorting goods on shelves
13. Worker driving forklift to transport goods
14. Truck passing through logistics center entrance
15. Aerial shots of truck, containers
FILE: Hainan Province, south China - Date Unknown (CCTV - No access Chinese mainland)
16. Aerial shots of city view
The law on the Hainan Free Trade Port (FTP) adopted earlier this month is set to realize improved administration, liberalization and facilitation of trade, investment, streamlined taxation as well as environmental protection, among others, officials said when introducing the new law at a Monday press conference.
The law on the Hainan FTP, adopted by the National People's Congress Standing Committee on June 10, is widely seen as a move making institutional arrangements for the construction of the Hainan FTP at the national legislative level.
"First, in terms of delegated legislation and management mandate, the law stipulates that the country establishes a leadership mechanism for the FTP and an administrative system specially tailored according to its needs," said Wang Chaoying, member of the Standing Committee of the National People's Congress.
Wang added that under the new law, the State Council and relevant departments will promptly authorize or entrust the Hainan provincial government and relevant department to exercise administrative mandates in accordance with the law and their needs.
The law also authorizes Hainan people's congress and and its standing committee to formulate regulations on the FTP in accordance with this law and actual needs.
"Second, in terms of trade liberalization and facilitation, the law stipulates a commodity trade monitoring mode in which the front line will be liberalized while the second line will be controlled. Cross-border trade in services outside the negative list will be managed in accordance with the internal consistency, according to the law," said Wang.
"Third, in terms of investment liberalization and facilitation, the law promotes a streamlined approval and investment system to improve the investment promotion and protection mechanism. The law also strengthens IP protection and promotes the 'market access upon commitment' system. A negative list for foreign investment, especially for easy market access, will also be applied," he said.
"Fourth, in terms of the taxation system, the law follows the principles of simplifying taxation, zero tariff and low tax rates. It stipulates the requirements of simplifying taxation during and after custom clearance at the FTP, qualifications for exemption of custom duty, taxation arrangements for goods flowing between the inland and the FTP as well as preferential policies for eligible enterprises and personals' income taxation," said Wang.
Officials added that Hainan's natural environment is its greatest advantage, and its economic development must not be pursued at the expense of the environment.
"Fifth, the law stipulates that Hainan implements the strictest ecological and environmental protection institutions, adopting the one-vote veto system for environmental protection and lifelong accountability for damage to the ecological environment," said Wang.
The law also sets out institutional and policy systems for the FTP in terms of industry development, support for professionals and others, he said.
ID : 8205448
Published : 2021-06-21 17:38
Last Modified : 2021-06-21 20:40:00
Source : China Central Television (CCTV),Hainan Broadcasting Group
Restrictions : No access Chinese mainland
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