As of December 1, 2024, China has implemented a groundbreaking policy: a full tariff exemption for all product lines from over 40 least-developed countries (LDCs), including 33 African nations. This initiative highlights Beijing’s commitment to supporting the economic development of its partners in Africa while strengthening South-South trade ties. Expanded Access to the Chinese Market: A Unique Opportunity for Africa By fully opening its market to products from LDCs, China reaffirms its determination to boost economic exchanges with Africa. Many African nations, heavily reliant on the export of raw materials…
Read More33 African Countries Benefit from a Historic Tariff Exemption by China Since December 1, 2024
