Beijing: China will implement zero-tariff measures for the 53 African countries it has diplomatic relations with starting on May 1, Chinese state-run outlet CGTN reported Saturday.
According to Anadolu Agency, Beijing announced plans to continue negotiating and signing joint economic partnership agreements. The move aims to further expand market access for African exports through upgraded mechanisms such as the 'green channel'.
This policy is significant as it potentially covers almost the entire African continent, which is comprised of 54 countries. The announcement coincides with the African Union's annual summit in Addis Ababa, Ethiopia.
During the two-day gathering, African leaders are expected to address major security issues, including those in Sudan, the Sahel region, and Somalia. Additionally, discussions will focus on climate action, economic reform, and institutional strengthening.