CHINA-IMPORT: A NEW TARIFF POLICY IN EFFECT.

The news came down on Thursday, September 1, 2022. China has decided to remove tariffs on 98% of products from nine African countries.

Imports: China keeps its promise
A month ago, China had announced that it would remove tariffs on 98% of products from 16 least developed countries, including nine in Africa. The measure was scheduled to take effect in early September. It came into effect on Thursday, September 1, 2022.

This was on the occasion of the 8th Ministerial Conference of the Forum on China-Africa Cooperation (FOCAF 8) in Dakar, Senegal. Chinese President Xi Jinping had pledged to increase imports of products from Africa to 100 billion dollars by 2022.

This new tariff policy affects Guinea, Djibouti, Eritrea, Mozambique, Rwanda, Togo, Chad and Sudan. It also affects seven countries in Asia and the South Pacific. The goal is to promote common growth and support the building of a community of destiny for humanity.

In the long term, China wants to extend the measure to all least developed countries that have diplomatic relations with Beijing.

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