Self-driving entry of overseas yachts enjoys a guarantee-free policy in Hainan FTZ
News source:hiHainan / By Chen Shumin / 07 10,2020 15:31:23 / others

Visitors take yachts out to sea at Sanya. (Photo by Wei Wu)

According to the notice issued by the General Administration of Customs on July 9, in terms of the circular announced by the State Council that China will temporarily adjust the implementation of five administrative regulations in Hainan Pilot Free Trade Zone (FTZ), self-driving entry of overseas yachts will enjoy a guarantee-free policy in the Hainan FTZ.

The yacht industry can effectively promote the development of tourism, convention and exhibition, yacht maintenance and other peripheral industries, and is hailed as the "Gold Floating on the Water." Surrounded by the sea, Hainan Island boasts a total coastline of 1944.35 kilometers, as well as 68 high-quality natural bays and more than 600 coastal islands. As the only tropical island in China, Hainan Island has a long summertime and a mild and humid climate, which is very suitable for yacht tourism and sailing experience.

In recent years, Hainan has witnessed a number of favorable policies on yacht industry, such as the "free flow of yachts" between Hainan province and the two special administrative regions of Hong Kong and Macao. At the same time, Hainan's yacht industry is constantly accelerating infrastructure construction. In 2019, the number of people taking yacht out to sea at Sanya Hongzhou Yacht Marina was nearly 1 million, an increase of 30% over 2018, which showed the great potential for the development of Hainan's yacht industry.

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