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From March 1, 2023, China will offer zero-tariff treatment to 98 percent of taxable items originating from Ethiopia, Burundi, and Niger, according to the country’s customs tariff commission of the state council. This move is aimed at strengthening China’s friendship and cooperation with African countries, facilitating the development of the least developed nations, and fostering an open global economy.
China had pledged to provide tariff preferences for LDCs at the eighth ministerial conference of the Forum on China Africa Cooperation (FOCAC) held in Senegal last year.
From March 1, 2023, China will offer zero-tariff treatment to 98 percent of taxable items originating from Ethiopia, Burundi, and Niger, as per China’s state council. This move is aimed at strengthening China’s friendship and cooperation with African countries, facilitating the development of the least developed nations, and fostering an open global economy.
These benefits will gradually be extended to all other least developed countries that have established diplomatic relations with China in the future.
Fibre2Fashion News Desk (DP)
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