China implements zero-tariff policy for least developed countries, effective December 1.
China will implement a zero-tariff policy for all tariff lines concerning least developed countries with diplomatic relations, effective December 1. This initiative aims to enhance trade and promote shared development. While goods within tariff quotas will enjoy zero tariffs, those exceeding the quotas will retain existing rates. This move reflects China’s effort to strengthen ties with these nations.
September 12, 2024
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