China has taken a significant step in its global cooperation strategy by implementing zero tariffs from December 1 2024 for products from least developed countries (LDCs).
by Insurgente.org on 13th December 2024 via thefreeonline at https://wp.me/pIJl9-FbM Telegram t.me/thefreeonline
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The Chinese relief measure, which covers all tariff lines, applies to countries with a per capita income of less than $1,018 and with which it maintains diplomatic relations.
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In practice, this policy benefits more than 30 nations, mainly African, and seeks to promote economic development by facilitating the access of their products to the vast Chinese market.
In addition, it highlights China’s position among emerging economies in promoting more equitable trade. China has long experience in rescuing 800 Million of its own citizens from dire poverty.
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