(ATF) The relaxation of some customs and shipping regulations are hoped to pave the way for China’s southern Hainan resort island to become a haven for yachtsmen and cruise ships.
China said Sunday that it will temporarily adjust the implementation of five administrative regulations to support the development of a multi-trillion dollar free trade and tourism zone in the island province.
The adjustments, effective from June 28 to December 31, 2024, cover regulations on customs guarantees, tariffs, international maritime transport, inspection of ships and offshore facilities, as well as domestic waterway transport, according to a circular issued by the State Council.
Private yachts will be allowed to enter freely and local transport officials will be allowed to make decisions on allowing international passenger ships and international bulk shipping of hazardous liquids in the region, the circular said.
Foreign ship inspection agencies will be allowed to provide classification services for Chinese ships that are registered in the Hainan FTZ and engaged in international voyages.
China announced plans in April 2018 to build a pilot FTZ covering the whole island and explore the establishment of a free trade port with Chinese characteristics.