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Beginning on May 1, China will eliminate import taxes from nearly all African nations, a move that may change the nature of trade between Beijing and the continent.
President Xi Jinping confirmed on Saturday that 53 African countries with which China has diplomatic ties will be exempt from taxes, according to Chinese official media.
Eswatini is the sole exception, acknowledging Taiwan rather than Beijing. China has stated time and again that it does not rule out using force to subjugate the self-governing island, which it considers to be part of its territory.
A zero-tariff policy including imports from 33 African nations had previously been implemented by Beijing. However, Chinese authorities said last year that the agreement would be extended to all diplomatic relations in Africa. The broader policy will now go into force from the beginning of May, as confirmed by the notification made on Saturday.
Through its flagship Belt and Road Initiative, China has made significant investments throughout the continent, funding energy projects, ports, railroads, and highways. China is still Africa’s biggest commercial partner.
Many African states are currently reevaluating their international economic connections in light of the tariff decision.
Following last year’s global tariffs imposed by former US President Donald Trump, which caused changes in trade dynamics, a number of nations have been looking for other markets.
As African leaders gathered in Addis Ababa for the annual African Union summit, Xi revealed the schedule and stated that the zero-tariff agreement “will undoubtedly provide new opportunities for African development.”
