C
Originally published by Capital News
📰 Read Full Article
top
May 2, 2026
16h ago

Zero-tariff policy opens door wider for African imports

Zero-tariff policy opens door wider for African imports

The zero-tariff policy aligns with China's broader opening-up agenda...

✨ Key Highlights

China has implemented a new zero-tariff policy for 53 African countries, significantly boosting trade opportunities for the continent. This policy, which took effect on Friday, May 2, has already seen its first shipment of South African apples clear customs without duties.

  • The policy offers a full-coverage zero-tariff treatment, a first from a major economy towards all its African diplomatic partners, potentially saving millions in import costs, such as 20,000 yuan ($2,929) on the initial apple shipment.
  • Key stakeholders include the Chinese government, African diplomats representing countries like Somalia, Ghana, and Malawi, and trade logistics companies like Shenzhen Kin Shing Yip International Agent Co.
  • This move is seen as a significant boost to Sino-African cooperation, encouraging increased African exports and investment, particularly as China-Africa trade expanded by 23.7 percent year-on-year in the first quarter of 2026.

Continue Reading

Read the complete article from Capital News

📰 Read Full Article
Advertisement

Related News

Advertisement