China abolishes tariffs for poor African countries



and compete China The United States has influence on the continent, as Beijing has lent billions of dollars to countries in the AfricaThrough the Belt and Road Initiative, before scaling it back significantly in 2019 as Washington tries to ramp up its efforts.

In 2021, China announced a transition from direct lending to trade and investment. This is after some of the countries that gave it loans failed to repay their debts, starting from Zambia In 2020

On his first visit to the African continent this week, he promised Biden That Washington “will be fully engaged in Africa.”

China has begun implementing a full exemption from… Customs duties On the range of products from the lowest income countries in Africa in 2005.

But Development Reimagined Consulting says Beijing’s move extends the measure by lifting tariffs on 140 additional products, including rice And wheat Sugar, cotton, paper and wood.

It’s not imposed European Union Any tariffs on lower-income countries, with the exception of arms and ammunition exports, while the US has a plan to boost trade with those countries, with tariff exemptions for some African countries.

According to the United Nations Conference on Trade and Development (UNCTAD)UNCTADChina was the main destination for exports from developing economies in Africa in 2022, with a value of $101 billion, followed by Italy with about $46 billion, India with imports worth $42 billion and Spain with $39 billion.

Critics say China’s relations with Africa are largely resource-draining, as African countries export oil or… Copper Or cobalt and China sells it as a higher value final commodity.

Development Reimagined chief executive Hannah Ryder said Beijing’s lifting of tariffs could increase its appeal.

added”the Chinese government “It wants to emphasize that delivering on promises is its approach to Africa, compared to other development partners in some cases.”





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