China to expand zero-tariff access to 53 African nations
China will expand temporary zero-tariff treatment to 53 African countries starting May 1, 2024, broadening trade incentives as it seeks to deepen economic ties across the continent. The policy will run through April 30, 2028, and excludes Eswatini, the only African country maintaining diplomatic ties with Taiwan.
China is expanding temporary zero-tariff treatment to 53 African countries starting May 1, broadening trade incentives to deepen economic ties. The policy, running through April 30, 2028, extends preferential tariff treatment beyond the existing 33 least-developed African countries to 20 additional nations with diplomatic ties to Beijing. Tariffs on eligible imports will be reduced to zero, but for products subject to tariff-rate quotas, the zero-tariff rate will apply only within quota limits. China will continue pursuing economic partnership agreements with African countries to promote joint development and expand trade and investment cooperation. The move excludes Eswatini, the only African country maintaining diplomatic ties with Taiwan, aligning with Beijing's efforts to reinforce its 'One China' principle. The policy coincides with the 70th anniversary of diplomatic relations between China and African countries.
This content was automatically generated and/or translated by AI. It may contain inaccuracies. Please refer to the original sources for verification.