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Least Developed Countries

China To Give LDCs, Including 33 African Countries, Zero-Tariff Treatment

September 6, 2024 Friends of Socialist China. , , , ,
China has decided to give all least developed countries having diplomatic relations with China, including 33 countries in Africa, zero-tariff treatment for 100 percent tariff lines, Chinese President Xi Jinping announced on Thursday in a keynote speech at the opening ceremony of the 2024 Summit of the Forum on China-Africa Cooperation (FOCAC) in Beijing, the Xinhua News Agency reported. This has made China the first major developing country and the first major economy to take such a step. It will help turn China’s big market into Africa’s big opportunity, Xi said, Xinhua reported. China will expand market access for African agricultural products, deepen cooperation with Africa in e-commerce and other areas, and launch a “China-Africa quality enhancement program,” Xi said.

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