China to Eliminate Tariffs on All African Goods

Chinese President Xi Jinping announced on Friday that his country is prepared to eliminate tariffs entirely on goods from African nations through an economic partnership agreement aimed at achieving shared development.

Speaking at the Asia-Pacific Economic Cooperation (APEC) summit, Xi stated, “China has already granted full tariff exemptions for goods from least developed countries with which it has diplomatic relations, and is now ready to extend this policy to all friendly African nations through an economic partnership agreement that will achieve shared development,” according to the Russian news agency Sputnik.

The Chinese president affirmed that his country will continue working to promote shared development and prosperity with various nations, calling for “inclusive and sustainable development that benefits all peoples.”

He emphasized the importance of addressing development imbalances and supporting a more inclusive and equitable economic globalization.