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On June 10, 2021, the 29th meeting of the Standing Committee of the 13th National People's Congress passed the Hainan Free Trade Port Law of the People's Republic of China, which determined to establish and improve the Hainan Free Trade Port customs supervision special zone system with closed-off customs operations on the entire island.
Customs Supervision Regulations: New rules to streamline customs operations and enhance trade efficiency. These measures aim to establish independent customs operations, enabling seamless trade flows and strengthening Hainan’s position as a global trade hub.
South China’s tropical island province of Hainan is intensifying efforts to establish itself as a high-level free trade port (FTP) by 2025. Key plans were outlined in a government work report presented during the annual session of the Hainan Provincial People’s Congress on Tuesday.
The "Notice on Preferential Corporate Income Tax Policies for Hainan Free Trade Port" proposed that enterprises in encouraged industries registered and operated in Hainan Free Trade Port shall be subject to a reduced corporate income tax rate of 15%.
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From 2007 to present, Kazakhstan, the Kyrgyz Republic, and Tajikistan have received $16.2 million to support peacekeeping capacity building via the Global Peace Operations Initiative (GPOI). At present, only Kazakhstan is an active GPOI partner, having deployed an infantry company with India to Lebanon (UNIFIL).
Central Asian states support stabilization efforts in Afghanistan and are key contributors to future peace and prosperity in Afghanistan and the region. The United States has $79 million in open government-to-government sales cases with the Central Asian states under the Foreign Military Sales (FMS) system.
Conventional Weapons Destruction priorities for Central Asia are to prevent the illicit transfer of small arms, light weapons, and conventional ammunition; mitigate and prevent unplanned explosions at munitions sites; and clear legacy landmine contamination, unexploded ordnance, abandoned ordnance, and other explosive remnants of war.
