China scraps tarrifs on 98% of the goods imported from nine of Africa’s least-developed economies Daily Courier


Source: dailycourierng.com dailycourierng.com

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DAILY COURIER ‘Seun Ibukun-Oni, Abuja – China has removed all tariffs on 98% of the goods imported from nine of Africa’s least-developed countries. Experts do not expect the measure to have an impact on African economies. But it could benefit China’s image. According to the online version of the Hong Kong-based South China Morning Post the policy, which came into force on September 1, applies to agricultural and mineral imports from the Central African Republic (CAR), Chad, Djibouti, Eritrea, Guinea, Mozambique, Rwanda, Sudan and Togo, as well as several Asian countries. It follows Chinese President Xi Jinping’s announcement at the...