China's Ministry of Commerce announced a two-year zero-tariff policy for 53 African countries starting May 1, 2026, aiming to boost trade and potentially increase RMB usage. This initiative is part of China's commitment to high-level opening-up and implementing Forum on China-Africa Cooperation outcomes.
China's zero-tariff policy for 53 African countries saw over 470 million yuan in imports in its first month (May 1-31). The policy, implemented on May 1, offers preferential tariffs for 2 years to 20 non-LDC African nations, resulting in over 43 million yuan in tax reductions.
China's Vice Foreign Minister Miao Deyu announced the full implementation of a zero-tariff policy for 53 African countries, aiming to boost trade, promote African exports, and strengthen the China-Africa community with a shared future. African representatives praised the initiative.
Kenya's first avocado shipments reach China under a new zero-tariff policy, signaling economic benefits for African nations. The policy grants tariff-free access to China's market for two years, aiming to boost exports from Africa's stronger economies.
African eels, frozen meat and rare earths now have one thing in common – at least in China. The commodities are among a wide variety of products that can enter the country tariff-free as part of a policy to help redress the continent’s massive trade imbalance with China. The zero-tariff policy has applied to 33 “least-developed” African countries since 2024 and, from May 1, has been expanded to include 20 “middle-income” African nations. The schedule will remain in effect for two years, covering...
