https://en.sputniknews.africa/20231206/china-to-introduce-zero-tariff-import-regime-with-6-african-countries-1063986021.html
China to Introduce Zero-Tariff Import Regime With 6 African Countries
China to Introduce Zero-Tariff Import Regime With 6 African Countries
Sputnik Africa
According to the Chinese State Council Information Office, over the past ten years, the country was Africa's largest trading partner with the bilateral trade... 06.12.2023, Sputnik Africa
2023-12-06T17:49+0100
2023-12-06T17:49+0100
2023-12-06T17:49+0100
sub-saharan africa
economy
china
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angola
the gambia
democratic republic of the congo (drc)
madagascar
mali
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China will introduce zero-tariff import regime for goods from six African countries, announced China's Customs Tariff commission.The measure, effective from December 25, will apply to Angola, Gambia, the Democratic Republic of the Congo, Madagascar, Mali, and Mauritania.This move aims to embody "the spirit of China-African friendship and cooperation," as well as promote the creation of a high-quality China-African community of common destiny, the body stressed.China has been the continent's largest trading partner for the past decade, with a bilateral trade volume of more than $260 billion (1.87 trillion Chinese currency yuan) in 2022, the Chinese State Council Information Office said. From January to July 2023, China-African trade experienced a 7.4% year-on-year increase, reaching approximately $158.36 billion (1.14 trillion yuan), the office noted.In 2023, China exported ships, automobiles, and mechanical and electrical goods to Africa. Notable imports to China from the continent included crude oil, metal ore, ore sand, and agricultural products, as reported by the office.South Africa accounted for about 19.9% of China-Africa trade in the first six months of this year, which made it China's largest trading partner on the continent. Nigeria and Angola followed as the second and third largest partners, the body said.In early November, Chinese President Xi Jinping highlighted that the relations between China and South Africa have entered a "golden age."
https://en.sputniknews.africa/20231017/ethiopia-china-forge-new-level-of-partnership-1062865992.html
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economy, china, import, trade, angola, the gambia, democratic republic of the congo (drc), madagascar, mali, mauritania, cooperation
economy, china, import, trade, angola, the gambia, democratic republic of the congo (drc), madagascar, mali, mauritania, cooperation
China to Introduce Zero-Tariff Import Regime With 6 African Countries
According to the Chinese State Council Information Office, over the past ten years, the country was Africa's largest trading partner with the bilateral trade exceeding $260 billion in 2022. Over the first half of 2023, the China-African trade grew 7.4% year-on-year to about $158.36 billion.
China will introduce zero-tariff import regime for goods from six African countries, announced China's Customs Tariff commission.
The measure, effective from December 25, will apply to Angola, Gambia, the Democratic Republic of the Congo, Madagascar, Mali, and Mauritania.
This move aims to embody "the spirit of
China-African friendship and cooperation," as well as promote the creation of a high-quality China-African community of common destiny, the body stressed.
China has been the continent's largest trading partner for the past decade, with a bilateral trade volume of more than $260 billion (1.87 trillion Chinese currency yuan) in 2022, the Chinese State Council Information
Office said. From January to July 2023, China-African trade experienced a 7.4% year-on-year increase, reaching approximately $158.36 billion (1.14 trillion yuan), the office noted.
In 2023, China exported ships, automobiles, and mechanical and electrical goods to Africa. Notable imports to China from the continent included crude oil, metal ore, ore sand, and agricultural products, as reported by the office.
South Africa accounted for about 19.9% of China-Africa trade in the first six months of this year, which made it China's largest trading partner on the continent. Nigeria and Angola followed as the second and third largest partners, the body said.
In early November, Chinese President Xi Jinping highlighted that the relations between China and South Africa have entered a
"golden age."
