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VCG China on Thursday launched island-wide special customs operations in south China's Hainan Free Trade Port (FTP), the world's largest FTP by area, allowing freer entry of overseas goods, and expanded zero-tariff coverage and more business-friendly measures.
There is no need to go through customs formalities for goods transshipped to the rest of China at the Hainan Free Trade Port. They shall be loaded and unloaded at the workplaces (sites) under customs supervision in the free trade port, stored separately from other goods under customs supervision, and identified with obvious marks.
China already has 22 free trade zones (FTZs), but Hainan represents a fundamentally different level of openness. Most FTZs are limited to specific urban areas and focus on upgrading local industries. Hainan has transformed an entire island into a unified free trade port, with its own customs, tax and regulatory system.
26. Phased implementation. Based on different phases of the construction of Hainan Free Trade Port, zero tariffs, low tax rates and a simplified tax system will be arranged and implemented in steps to develop an internationally competitive tax system. (9) Social governance.
The Government of Morocco seeks to increase the security of the energy supply by reducing dependence on imports, including increasing the use of renewable sources for electricity production. As of the end of 2023, the share of renewable energy in the electrical capacity mix stood 11.42 GW (ANRE data).
Morocco has an average solar potential of five kilowatt hours (kWh) per square meter per day, although this varies geographically. Total installed capacity from solar energy currently stands at 831 MW. According to the Ministry of Energy Transition, and Sustainable Development, Morocco could potentially generate 25,000 MW of wind power.
Morocco's 2009 National Energy Strategy and its Paris Agreement NDC target call for an increase of renewable energies in the electricity mix to 52 percent by 2030. This target was recently increased to 56 percent.
Total installed capacity from solar energy currently stands at 831 MW. According to the Ministry of Energy Transition, and Sustainable Development, Morocco could potentially generate 25,000 MW of wind power. At present, Morocco has an installed capacity from wind energy of 1,650 MW, the second largest volume in Africa behind South Africa.
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