With effect from 1 December, China granted a zero-tariff condition to 98% of taxable products from 10 least-developed countries, most of them African, in what it said was aimed at promoting an open global economy. | CdeLENIN
"The step is conducive to opening up with win-win outcomes, building an open global economy, and helping least-developed countries to accelerate their development," said China's Customs Tariff Commission of the State Council.
African countries will be in the US in a week attending the US-Africa Summit, fully aware China will extend its zero-tariff system to countries it shares strong diplomatic ties with. In addition to maintaining a strong focus on oil, precious minerals, and metals, China is increasingly importing agricultural products and manufactured items from Africa.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
This life with Nthabi Nhlapo | I've lost count of the times I have encountered violence | News24OPINION | There's no argument that this country is unsafe, but it is more daunting for women. And because these incidents are so common, we get used to the violence to the point that we learn to accept it, writes NthabiTheWriter.
Read more »
Sum relief for matrics: Education department to exclude 'faulty' maths exam question from marking | News24The Department of Basic Education has decided to exclude the infamous Question 5.1 from matric Mathematics Paper 2 marking, after pupils reported that it was impossible to solve.
Read more »
Cabinet gives sex work decriminalisation bill green light for public comment | News24Cabinet has approved the publishing of a bill for public comment that could essentially decriminalise sex work – a move that sex worker advocacy groups say will transform sex workers' lives. | nickymccain
Read more »
LIVE | President Cyril Ramaphosa leaves NEC meeting soon after it began | News24President Cyril Ramaphosa is expected to attend the NEC meeting on Monday. He said it would be up to the NEC to decide on his fate. News24 brings you live analysis and reporting on this developing story.
Read more »
Opposition MPs sharpening knives as Parliament gears up to consider Phala Phala matter | News24Opposition parties in Parliament need the support of a mere 31 ANC MPs to set the impeachment ball rolling against an already under-fire President Cyril Ramaphosa. | JasonFelix
Read more »
Toddler among 14 bodies recovered from Jukskei River after being swept away during baptism ceremony | News24Search and rescue crews have recovered 14 bodies from the Jukskei River after a group of people were swept away during a baptism ceremony in the river on Saturday evening. | nickymccain
Read more »