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Zero tariffs will lift Sino-Africa trade
China's President Xi Jinping delivers a keynote speech at the opening ceremony of the ninth Forum on China-Africa Cooperation (Focac) Summit, at the Great Hall of the People in Beijing, China on September 5, 2024.
China’s decision to grant full zero-tariff access to imports from 53 African countries marks a significant shift in the architecture of China–Africa trade, with clear implications for exporters, investors and supply-chain planners.
Announced by Xi Jinping in a formal message to the African Union during its 39th summit, the measure will take effect on May 1 and applies to all African states that maintain diplomatic relations with Beijing.
