Hainan FTP new offshore duty-free policy comes to effect today
News source:hiHainan / By Jin Nannan / 07 01,2020 21:26:00 / Focus on Hainan

On July 1, new offshore duty-free policy comes to effect in Hainan. According to the policy, the offshore shopping quota has been increased from RMB30,000 (US$4,215) to RMB100,000 (US$14,050) per person each year and the number of categories is increased from 38 to 45. The policy will be a tremendous boost to the travel retail wines and spirits sector.

On July 1, new offshore duty-free policy comes to effect in Hainan.

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