Zero tariffs bring new opportunities for China-Africa cooperation

Author: Ren FaqiangPublished on: June 4, 2026Country: China
Business & EconomyWorld / International
Zero tariffs bring new opportunities for China-Africa cooperation

Starting May 1, 2026, China has fully implemented zero-tariff treatment for all 53 African countries with diplomatic relations, becoming the first major economy to provide unilateral full-coverage zero tariffs. South Africa, China's largest trading partner in Africa with bilateral trade of US$53.58 billion in 2025, will directly benefit: tariffs on pecans, citrus fruits, and red wine will be eliminated, lowering export costs and boosting local economic growth. The move embodies President Xi Jinping's principles of sincerity, real results, amity, and good faith, and comes as China and Africa mark the 70th anniversary of diplomatic ties.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

FIAGEF 2026: Over 200 Economic Actors Gather in Abidjan to Discuss African Family Businesses
Business & EconomyCôte d'Ivoire
Samuel KADIO

FIAGEF 2026: Over 200 Economic Actors Gather in Abidjan to Discuss African Family Businesses

Over 200 entrepreneurs, investors, and institutional representatives from the UEMOA and CEMAC regions gathered on June 4, 2026 in Abidjan for the second edition of FIAGEF, organized by Gabriel Wealth Management. Under the theme 'Family Businesses and Wealth: Achieving Balance between Governance, Financial Performance and Innovation,' discussions focused on governance, digitalization, financing, and generational transfer. GWEM Deputy CEO Orphée Monnet Keita highlighted the challenges of transitioning to the second and third generations. Habib Koné (Banque Atlantique) and Franchy Nago (BOAD) stressed structuring and separating personal and professional assets to access financing.

Read More

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more