People's Daily, Beijing, September 6 (Reporter Wang Zhen) According to the General Administration of Taxation website, September 5, the Ministry of Finance, the National Health Commission, the General Administration of Customs, the General Administration of Taxation, the State Administration of Pharmaceutical Administration and other five departments issued a notice on the Hainan Free Trade Port drugs, medical equipment “zero tariff” policy.

The notice makes it clear that before the closure of the entire island operation, in Boao Lesheng International Medical Tourism Pioneer Zone in Hainan, registered with an independent legal personality and recognized medical institutions, medical education institutions of higher learning, pharmaceutical research institutes, the import of medicines and medical devices under the provisions of this notice, and in accordance with the provisions of the use of import tariffs can be exempted from import tariffs, import link value-added tax.

The introduction of “zero tariff” policy for drugs and medical devices in Hainan Free Trade Port is conducive to reducing the burden of patients' diagnosis and treatment, cultivating and growing emerging consumption, exploring the development of health consumption, stimulating and releasing consumption potential with high-quality supply, enhancing the new competitive advantages of industries featured in the Free Trade Port, and promoting the synchronous development of medical technology, equipment and drugs with the international advanced level, as well as supporting the development of the pilot project. It is conducive to enhancing the new competitive advantages of the industries featured in the FTZ, promoting the synchronized development of medical technology, equipment and medicines with the international advanced level, and supporting the construction of the pilot zone into a world-class international medical tourism destination and medical technology innovation platform.

The Notice is only applicable to Boao Licheng International Medical Tourism Advanced Zone in Hainan and shall be implemented from the date of publication.

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