Law enforcement inspection report shows that the legal environment of Hainan Free Trade Port continues to improve

Xinhua News Agency, Beijing, November 3 (Reporter Zou Yuqin) On the 3rd, the report of the Law Enforcement Inspection Team of the Standing Committee of the National People's Congress on inspecting the implementation of the Hainan Free Trade Port Law was submitted to the Standing Committee of the National People's Congress for review. The report shows that the implementation of the Hainan Free Trade Port Law has achieved positive results, the island-wide customs closure operation has been steadily implemented, the role of an engine of open cooperation has become increasingly evident, and the leading demonstration effect continues to increase.

The report shows that the legal environment of Hainan Free Trade Port continues to improve, and the policy and institutional system has been initially established. Hainan Province has compiled a special plan for laws and regulations supporting Hainan Free Trade Port (2021-2025), and introduced and implemented 60 free trade port regulations, including regulations on intellectual property protection, fair competition regulations, and social credit regulations. Establish a Free Trade Port Intellectual Property Court and an International Commercial Dispute Resolution Center, promote the reform of ad hoc arbitration and commercial mediation systems, and establish a one-stop diversified dispute resolution mechanism for mediation, arbitration, and litigation.

The report points out that there are still some difficulties and problems in the implementation of laws and trade liberalization and facilitation mechanisms. In order to further promote the in-depth implementation of the law, the report puts forward opinions and suggestions in four aspects: improving the policy and institutional system, further releasing the dividends of fiscal and tax reform, optimizing the development environment, and building a solid foundation for institutional security.