Regulations of China (Tianjin) Pilot Free Trade Zone（2/4）
- November 16, 2017
- Posted by: Yolandy
- Category: Policy
Article 21 Natural persons, legal persons and other organizations in TJFTZ are supported in conducting multiple forms of overseas investment and cooperation, and overseas investment items that do not involve sensitive countries and regions and sensitive industries shall be subject to the recordation system.
TJFTZ shall establish an overseas investment cooperation and comprehensive service platform, and improve a risk warning and emergency security system for the safety of overseas assets and personnel.
Article 22 TJFTZ is supported in building innovative entrepreneurship special regions, cluster high-level innovative entrepreneurship resources, build a complete innovative entrepreneurship system, and build an environment of mass entrepreneurship and innovation.
TJFTZ shall establish a mechanism for interaction with the national independent innovation demonstration zone, and by utilizing the radiation policies of the national demonstration zone for independent innovation, cluster high technology elements, explore the new modes of regional scientific and technological cooperation, and build a regional innovation platform playing an innovation demonstration and driving role.
Chapter IV Trade Facilitation
Article 23 TJFTZ shall implement the “single window” management service mode for international trade, accelerate the construction of electronic ports, establish a comprehensive management service platform covering customs, inspection and quarantine, maritime, border inspection, foreign exchange, tax, commerce and other departments, and realize information exchange, mutual regulation recognition, and mutual assistance in law enforcement among departments.
Enterprises may submit once the standard electronic information required by the port regulatory authorities through the comprehensive management service platform, and the port regulatory authorities shall send the handling result to enterprises through the platform.
Article 24 TJFTZ shall actively cultivate new types of trading forms, vigorously develop service trade, and promote trade transformation and upgrading.
Trading in bulk commodities, bonded exhibition and trading, futures bonded delivery, parallel import of automobiles and other new type trade businesses are encouraged. The pilot programs on the maintenance of domestic and overseas high technology and high value-added products, and the re-manufacture business are supported.
The construction of the state’s model zones for promoting innovation by import trade is supported.
Article 25 The development of cross-border e-commerce is supported, support systems in customs supervision, inspection and quarantine, tax, cross-border payment, logistics and express delivery, among others, shall be improved, and explorations shall be made on the establishment of regulatory rules for the centralized goods storage mode.
Direct mail import and bonded import business are encouraged, the policies on taxation on retail import in cross-border e-commerce shall be implemented, and the tax-related order customs clearance efficiency in cross-border e-commerce shall be enhanced.
Regulatory measures on export in cross-border e-commerce shall be improved, and customs clearance formalities for exported commodities shall be undergone in the methods of checklist verification and release and summary declaration, and forms of categorization of commodities shall be simplified.
Article 26 The following customs’ regulatory rules shall be implemented in TJFTZ under the principles of convenient customs clearance, safety and efficiency.
(1) Paperless customs clearance.
(2) Rules for the checklist of preferential measures for authorized economic operators (AEO).
(3) According to different types of customs clearance demand, enterprises in TJFTZ are permitted to choose at their discretion various forms of tax-related guarantee forms such as guarantee by cash deposit or by bank guarantee.
(4) Implementing rules such as proactive disclosure of enterprises, and introducing social intermediary institutions to assist in supervision.
(5) Other regulatory measures.
Article 27 The service mode of customs clearance supervision including “relaxing restrictions on the first line” and “safe and efficient control over the second line” shall be implemented in the areas under special customs supervision in TJFTZ.
Uniform recordation checklist rules, rules for centralized declaration of goods imported or exported in batches, and rules for domestic selective tax collection shall be implemented in the areas under special customs supervision. If the airplanes, vessels, marine project structure and other large equipment imported and exported by financial leasing enterprises registered in the areas under special customs supervision of TJFTZ involve different customs areas, under the premise of ensuring effective supervision and implementing the existing relevant taxation policies, delegated supervision by the customs at different places shall be implemented.
Article 28 Under the principle of facilitating entry and exit and strictly preventing quality safety risks, the regulatory rules on inspection and quarantine shall be innovated in TJFTZ. Convenient regulatory measures for used electromechanical products entering China for maintenance use shall be implemented. Vessels entering and leaving China that are declared as free from diseases may be directly released after risk analysis is conducted. The rules for adopting testing results of third party inspection and identification agencies shall be gradually implemented.
Separate line supervision mode of inspection and quarantine shall be implemented in the areas under special customs supervision in TJFTZ, import and export quarantine and inspection of key sensitive goods shall be implemented on the first line, and goods inspection and supervision shall be implemented on the second line. Pre-check rules for imported goods shall be implemented, so as to conduct centralized inspection and verification and release in batches. The negative list rules for the quarantine approval of animals and plants entering China and products made thereof shall be promoted. Separate line supervision, pre-inspection and registration and verification rules shall be implemented for bonded exhibition and trading and bonded lease goods.
Article 29 TJFTZ shall implement international vessel registration rules with “Tianjin Dongjiang” as the port of registry, establish efficient vessel registration process, and implement the existing preferential tax policies for Chinese-funded “flag of convenience” vessels.
The development of shipping finance, international vessel transportation, international shipping brokerage, international vessel agency, international vessel management, international seaman services, international passenger liner tourism and other international shipping modern service industries is encouraged.
TJFTZ shall implement the interaction of sea and air ports, develop international transmit and LCL (less than container load) services for shipping containers and express air mails, and support qualified vessels in conducting coastal carriage between domestic coastal ports and the Tianjin port.
Article 30 TJFTZ supports the construction of the Tianjin demonstration center of the Asia-Pacific Economic Cooperation green supply chain cooperation network, and shall explore the establishment of a green supply chain management system, implement green product checklist rules, and encourage the development of green trade.
Article 31 The transit container block train transport shall be developed, cross-border logistics centers shall be built, and international container block logistics services for high-end products shall be provided.
Freight forwarding services through ocean, inland and air transport and multimodal transport forwarding services, and container block contracting, among others, are encouraged, so as to serve the development of transit trade in the countries and regions along the “Belt and Road.”
Chapter V Financial Innovation
Article 32 Under the principles of controllable risks and serving the real economy, the pilot work such as the expansion of cross-border RMB use, furtherance of the foreign exchange management reform, and promotion of the development of the leasing industry shall be steadily conducted in TJFTZ.
Various types of financial institutions are encouraged to make innovations in such aspects as financial products, businesses, services and risk management in TJFTZ in accordance with the relevant provisions of the state.
Article 33 The establishment of the account management system commensurate with TJFTZ is supported, and cross-border trade and investment and financing settlement facilitation shall be promoted.
Enterprises in TJFTZ are encouraged to conduct cross-border trade, investment and financing by utilizing domestic and overseas resources and markets.