US Edition
China to Remove Tariffs on African Imports to Boost Trade
- China will remove tariffs on nearly all goods from Africa to boost trade, according to Foreign Minister Wang Yi during the China-Africa Economic and Trade Expo.
- The expo, attended by nearly 4,700 companies, aims to enhance economic cooperation and is expected to see 175 projects valued at $11.39 billion signed, according to the Ministry of Commerce and the Hunan provincial government.
- Last year, China and Africa reached a record bilateral trade of $295.6 billion, marking a 4.8 percent increase year-on-year, as reported by the Ministry of Commerce.
- Kenya Airways announced the launch of direct flights between Nairobi and Beijing to support trade growth, stated a company official.
41 Articles
41 Articles
China's total imports and exports with African countries have gone from less than 100 to 2,100 billion yuan in just over twenty years. The China-Africa trade index has reached the record.
The announcement, made on 12 June, reinforces Beijing's status as a strategic partner of the continent even though the impact should be far more symbolic than economic.
China to remove tariffs on African imports to boost trade
China says it will sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with – a move that could benefit middle-income nations as they prepare for tariff hikes on products entering the United States.
China says it will remove all tariffs on African exports to boost trade
China will negotiate and sign a new economic pact with Africa that will get rid of all tariffs on the 53 African states it has diplomatic ties with, it said, a move that could benefit middle-income nations.
China will apply zero tariffs to 100 percent of the products from the 53 African countries with which it currently has diplomatic relations. The measure was announced in a letter of congratulations from President Xi Jinping to the ministerial meeting of coordinators for the implementation of the China-Africa Cooperation Forum (Focac), which took place in Hunan province. Beijing maintains strategic partnerships with all African countries and is i…
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