xi's moments
Home | Macro

China announces zero-tariff treatment for least-developed countries

By Zhong Nan | chinadaily.com.cn | Updated: 2022-08-02 10:34

A truck loads containers at Tangshan Port, North China's Hebei province, April 16, 2021. [Photo/Xinhua]

China will offer zero-tariff treatment on 98 percent of taxable products from 16 least-developed countries, including Togo, Djibouti, Cambodia and Rwanda, according to a statement released by the Customs Tariff Commission of the State Council on Monday.

Coming into force on September 1, the move will facilitate to share market opportunities with these countries, push for common growth and advocate the building of a community with a shared future for mankind, said the statement.

The statement said that this policy measure will gradually expand to all the least-developed countries having diplomatic ties with China.

Prior to this move, the commission announced in December last year that China will grant the preferential tariff treatments to the least-developed countries that have established diplomatic relations and completed the exchange of letters with China.

Global Edition
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349