Xinhua News Agency, Beijing, December 6, according to the latest announcement of China's Customs Tariff Commission, China plans to implement a zero-tariff policy for a series of imported products from least developed countries.
The announcement detailed that according to the exchange of letters agreement between China and six countries, including Angola, Gambia, Congo (DRC), Madagascar, Mali and Mauritania, starting from December 25, 2023, 98% of the tariff products of these countries will enter China to enjoy zero-tariff treatment.
The reporter learned from the conversation with the Office of the Customs Tariff Commission on the 6th that the tariff adjustment is aimed at further deepening the economic cooperation between China and the above-mentioned countries, and it is also a specific action for China to actively fulfill its international obligations and help the least developed countries develop their economies and improve people's livelihood.
The implementation of the zero-tariff policy will undoubtedly open up a larger Chinese market for the export products of these countries and help promote the economic development of these countries. At the same time, for Chinese consumers, this will also mean more choice of imported goods and possibly lower**.
**The Office of the Customs Tariff Commission said: "China has granted zero tariff treatment to 98% of the products of 6 countries including Angola, which is conducive to practicing the spirit of China-Africa friendship and cooperation and jointly building a high-level China-Africa community with a shared future." At the same time, the office also revealed that in the future, China will gradually give zero tariff treatment to 98% of the tariff items of all least developed countries that have established diplomatic relations with China according to the progress of the exchange of letters with other least developed countries.
The implementation of this policy not only reflects China's responsibility as a major country, but also an important measure for China to promote the construction of an open world economy and support the multilateral system. In the future, China will continue to work with other countries in the world to jointly promote global liberalization and facilitation and achieve common development and prosperity.