China-Africa Relations: China Eliminates Tariffs On Import From 6 African Countries

China’s Tariff Removal Signals Shift in Trade Dynamics with African Nations: China has announced a significant policy shift by removing tariffs on most goods from several African countries, including Angola, the Democratic Republic of the Congo, Gambia, Mali, Madagascar, and Mauritania. This move, set to take effect on Christmas Day, is seen as an effort to diversify trade relations beyond raw materials and foster a “high-quality China-Africa community with a shared future.“ Angola, a major oil exporter; the Democratic Republic of the Congo, a key source of cobalt for China’s industries; and other nations will benefit from this tariff exemption when exporting their goods to the Chinese market. The move is seen as addressing criticism that China has primarily focused on importing raw materials from Africa. This development holds implications for the economic dynamics between China and African nations, promoting a more balanced and diversified trade relationship. The announcement emphasises the spirit of “China-Africa friendship and cooperation,“ signalling a commitment to a shared future in economic collaboration. Host: Dapo Adegboye Guest: Dr David Matsanga, African Affairs Analyst, London, United Kingdom Follow News Central on: Facebook: Twitter: Instagram: For more content, go to: China-Africa Relations: China Eliminates Tariffs On Import From 6 African Countries | The Conversation | 13-12-23 #NewsCentral #ChinaAfricaTrade #EconomicRelations