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Zero-Tariff Window: A New Era for Nigeria-China Trade

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Zero-Tariff Window: A New Era for Nigeria-China Trade

Joseph Tegbe, Director General of the Nigeria-China Strategic Partnership (NCSP), emphasized the transformative potential of the zero-tariff window in Nigeria-China relations during a statement commemorating the Spring Festival and the 55th anniversary of diplomatic ties between Nigeria and China. Tegbe noted that the Chinese government's zero-tariff initiative qualifies for African exports and represents a decisive shift towards export-led industrial growth, moving away from the historically import-driven trade focus.

He stated that this new preferential tariff regime would significantly expand Nigeria's non-oil exports, particularly in agro-processing, solid minerals, and light manufacturing. However, Tegbe cautioned that the benefits would not be automatic and that Nigerian exports must meet stringent quality standards and phytosanitary regulations.

He highlighted the importance of government support and efficient logistics in ensuring compliance with international benchmarks. Tegbe described this moment as an opportunity for Nigeria to recalibrate its bilateral engagement with China, aiming to reduce trade imbalances and strengthen domestic industries for long-term growth.

Plus234Feed summary based on reporting from This Day. Read the original report below.

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