MOFCOM, the NDRC, the Ministry of Ecology and Environment and CUSTOMS jointly issued a notice to further liberalize trade in the Hainan Free Trade Port. The notice permits products manufactured under bonded remanufacturing in Hainan customs special supervision zones to exit those zones and enter domestic free trade pilot zones, with import tariffs, import-stage VAT and consumption tax levied as prescribed. Remanufactured products must meet all technical requirements applicable to equivalent new

MOFCOM, the NDRC, the Ministry of Ecology and Environment and CUSTOMS jointly issued a notice to further liberalize trade in the Hainan Free Trade Port. The notice permits products manufactured under bonded remanufacturing in Hainan customs special supervision zones to exit those zones and enter domestic free trade pilot zones, with import tariffs, import-stage VAT and consumption tax levied as prescribed. Remanufactured products must meet all technical requirements applicable to equivalent new products and comply with remanufacturing rules, and must be prominently labelled 'remanufactured product'. The notice also calls for accelerated adoption of advanced remanufacturing processes for electromechanical goods and improvement of bonded remanufacturing technical standards.