This year can be said to be the first year of Hainan's free trade port. How on earth will this port be built and what is the corresponding policy? What kind of welfare will it bring to the common people? On June 1st the Central Committee of the Communist Party of China (CPC) and the State Council, China's cabinet, issued an overall plan for building a free trade port in Hainan. Now Hainan FREE Trade Zone has become a free trade port, we would like to interview The dean of The Institute of International Economics, University of International Business and Economics, Sang Baichuan, to know how much effect this change can have on Hainan itself.
Sang Baichuan: From the pilot free trade zone to the building of Hainan Free trade port, it is a process of exploring high-level opening up step by step and stage. Free trade area to explore docking advanced international economic and trade rules, the experience of the exploration can be replicated, can promote, to promote China's deepening reform and opening up, economic liberalization and free trade port is the highest degree of area, there have been some leading international practice, China's Hainan island to establish free trade port, to say the Hainan will be the areas with high levels of economic liberalization.
E horizon host: Five of the seven key tasks by 2035 mention "freedom and convenience." So how do we understand "freedom and convenience"?
Sang Baichuan: I think free trade port in the process of trade liberalization and economic to implement "within the territory of the commissioner of" management model, to do this, of course, will divide the steps and phases in advance, such as the free trade of goods, in addition to restricted and prohibited zero-tariff goods, other goods all implements the zero tariff policy, that is to say, the preferential policy will cover the island residents and tourists, is just a different treatment. This management mode of "inside and outside" means a high degree of liberalization of commodity trade, which will give the island's consumers the greatest advantage; Of course, in terms of management, we should also promote economic liberalization and free flow of factors on the premise of preventing risks.
Zhang Bin: In the new era, what role can the FREE trade port play in promoting reform and opening up?
Sang Baichuan: into the new era, China's economy is facing in the process of transformation and upgrading of the profound changes of economic environment at home and abroad, is facing the unprecedented challenges of economic globalization, in this context, China lift up high the flag of opening to the outside world, and initiative to create a higher standard of quality of free trade port, to implement economic and trade liberalization, and we are also creating a internationalization, legalization, liberal business environment, the south China sea will bring about a new upsurge of China's reform and opening up.
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