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great news! "zero tariffs", important notice released

2024-09-06

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to support the construction of hainan free trade port, continuously expand the scope of "zero tariff" goods, intensify stress testing, and promote the development of boao lecheng international medical tourism pilot zone,with the approval of the state council, the ministry of finance, the national health commission, the general administration of customs, the state administration of taxation, and the national medical products administration recently jointly issued the "notice on the "zero tariff" policy for drugs and medical devices in the hainan free trade port".it is clearly stated that before the whole island is closed, medical institutions, medical colleges and universities, and pharmaceutical research institutes registered with independent legal personality and recognized in the boao lecheng international medical tourism pilot zone in hainan can be exempted from import tariffs and value-added tax at the import stage if they import the medicines and medical devices specified in this notice and use them in accordance with the regulations.

the introduction of a "zero tariff" policy for drugs and medical devices will help reduce the burden of diagnosis and treatment for patients, cultivate and expand emerging consumption, explore and develop healthy consumption, stimulate and release consumption potential with high-quality supply, enhance the new competitive advantages of the free trade port's characteristic industries, promote the synchronous development of medical technology, equipment, and drugs with international advanced levels, and support the construction of the pilot zone into a world-class international medical tourism destination and medical technology innovation platform.