China to impose no tariffs on products from select countries
Afghan businessman Ali Azghar Faiz sorts out handmade carpets at the Afghanistan exhibition booth of the Greenland Global Commodity Trading Hub in Shanghai in February. [Photo by Gao Erqiang/China Daily]
China will grant zero-tariff treatment on 98 percent of currently taxable products from 10 less-developed countries starting on Dec 1, 8,786 items in total.
The 10 countries are Afghanistan, Benin, Burkina Faso, Guinea-Bissau, Lesotho, Malawi, Sao Tome and Principe, Tanzania, Uganda and Zambia, the Customs Tariff Commission of the State Council, China's Cabinet, said in an announcement issued on Wednesday.
This decision is conducive to implementing China's mutually beneficial and win-win strategy of opening-up, advancing an open world economy and assisting the least developed countries to accelerate their development. China will offer zero-tariff treatment gradually on 98 percent of taxable products originating in countries in this category that have established diplomatic relations with China according to the progress of the exchange of letters.