Plus234Feed

China's Zero-Tariff Policy Enhances African Exports

China's Zero-Tariff Policy Enhances African Exports

Following China's introduction of a zero-tariff policy for 53 African countries on May 1, 2023, African exports to China have surged, with imports reaching 193.8 billion yuan (28.72 billion U.S. dollars) in May and June, marking a 23.5% year-on-year increase. Notable increases in imports include avocados (130%), apples (89.6%), and oranges (27.9%).

The first shipment benefiting from this policy was 24 tonnes of South African apples that entered China through Shenzhen Bay Port. Other countries like Kenya and Zimbabwe have also seen their products on Chinese supermarket shelves, with South African wine exporters reporting renewed interest.

The policy has encouraged African producers to move beyond raw material exports, with companies like Fisher Global in Rwanda shifting to higher-value products. ZimTrade CEO Allan Majuru noted the policy's role in facilitating Zimbabwe's first blueberry shipment to China.

Experts emphasize the importance of local processing, with African Union Chairperson Evariste Ndayishimiye describing the opportunity as pivotal for trade and industrialization.

Plus234Feed summary based on reporting from Voice of Nigeria. Read the original report below.

Read full article

Continue on Voice of Nigeria

Visit
Share

Enjoy this article?

Get the weekly Nigerian roundup — top stories, NPFL, naira. One email, Sunday morning.

Free · one email per week · unsubscribe anytime

Related Stories

Get Plus234Feed on messaging apps

Same headlines, delivered where you already scroll.