China Lowers Tariffs on African Goods, Aiming to Narrow Trade Gap
China has expanded its zero-tariff policy to include a wider range of goods from 20 "middle-income" African nations, in addition to the 33 "least-developed" countries already covered. This policy, effective for two years, aims to reduce Africa's substantial trade imbalance with China by allowing various products, including eels and rare earths, to enter China tariff-free. The move raises questions about its effectiveness in fully closing the trade gap.
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...