China Offers Zero-Tariff Treatment to African Nations, Boosting Trade Volume
Since May 1, China has implemented zero-tariff treatment for all 53 African countries with which it has diplomatic ties. This policy aims to facilitate easier access for African agricultural products and light manufactured goods into the Chinese market. Specific products like avocado, coffee bean, pecan, and shea butter are now reaching Chinese households. This initiative has significantly lowered the cost for China-Africa trade, benefiting numerous African small and medium-sized enterprises and farmers. In the first nine months of this year, the trade volume between China and Africa exceeded US$310 billion, marking a 22 percent year-on-year increase. This development was highlighted by Foreign Ministry Spokesperson Guo Jiakun, who emphasized China's commitment to fostering development and delivering benefits to people across the world through such open trade policies.
