China announces zero-tariff treatment for least developed countries
a year ago
- #Trade Policy
- #China
- #Least Developed Countries
- China will provide zero-tariff treatment for 100% tariff lines to all least developed countries with diplomatic relations.
- The policy will take effect from December 1 of this year.
- The goal is to expand unilateral opening to least developed countries and achieve common development.
- For products under tariff quota administration, goods within the quota will enjoy zero tariffs, while those exceeding the quota will maintain existing tariff rates.