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Thursday, November 21, 2024

Will African Countries Benefit from China's Elimination of Tariffs?

 The Voice of America published on 14 November 2024 an article titled "Analysts Skeptical about African Impact of China's Zero-tariff Offer" by Saibal Dasgupta.

China announced that it is eliminating tariffs on goods from least developed countries, including 33 in Africa.  This may not have much impact, however, because of non-tariff barriers imposed by China and the inability of many countries in Africa to supply the quality and scale required of the Chinese market.