China has announced a significant move to eliminate tariffs on imports from all African countries, as part of its new China-Africa Economic Partnership for Shared Development. According to reports, the tariff elimination aims to accelerate Africa’s integration into global trade by increasing market access, improving customs procedures, and strengthening institutional trade capacity.
President Xi Jinping reaffirmed China’s commitment to welcoming all African exports under zero-tariff treatment, stating that the new arrangement would be accompanied by enhanced cooperation in customs, quarantine, logistics, and capacity building. “China is ready to welcome all African exports under zero-tariff treatment,” he said
The initiative is part of a broader effort by Beijing to support industrialization, diversify imports, and reinforce economic links with African states beyond raw materials. China has pledged to support training programs and expand the visibility of high-quality African goods in the Chinese market.
In 2024, China-Africa trade reached nearly $300 billion, solidifying China’s position as Africa’s largest trading partner. The new tariff policy is expected to further strengthen the African Continental Free Trade Area by encouraging intra-African production and export diversification.
“This strategic shift is expected to unlock new opportunities for value-added goods and services from across the continent, reinforcing Africa’s role in global supply chains,” observers noted. By eliminating tariffs, China aims to boost trade ties with Africa and support the continent’s economic growth and development.
Please don’t forget to “Allow the notification” so you will be the first to get our gist when we publish it.
Drop your comment in the section below, and don’t forget to share the post
Keep up with the latest news and be part of our weekly giveaways and airtime…
Keep up with the latest news and be part of our weekly giveaways and airtime…
Keep up with the latest news and be part of our weekly giveaways and airtime…
Keep up with the latest news and be part of our weekly giveaways and airtime…
Keep up with the latest news and be part of our weekly giveaways and airtime…
Keep up with the latest news and be part of our weekly giveaways and airtime…