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China will eliminate import duties for goods from six African countries

December, 11 2023
watermark Economic news

China announced the introduction of zero import duties for 98% of goods from Angola, Zambia, the Democratic Republic of the Congo, Madagascar, Mali and Mauritania from December 25. This step is aimed at developing cooperation between China and African countries.


Earlier, on December 1, 2022, China abolished duties on goods imported from Afghanistan, Benin, Burkina Faso, Guinea-Bissau, Lesotho, Malawi, Sao Tome and Principe, Tanzania, Uganda and Zambia. 


Since March 1, 2023, similar actions have been taken with respect to goods from Ethiopia, Burundi and Niger.


The Committee on Customs Tariffs under the State Council of the People's Republic of China also announced that China will gradually extend such a regime to all least developed countries with which it has established diplomatic relations.


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Risk Warning:
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.
Foreign exchange trading carries a high risk of losing money due to leverage and may not be suitable for all investors. Before deciding to invest your money, you should carefully consider all the features associated with Forex, as well as your investment objectives, level of experience, and risk tolerance.