Africa and China are deepening their trade and investment partnership through the China-Africa Ten Partnership Initiative, launched by President Xi Jinping to promote cooperation in areas like trade, industrial development, green growth, and cultural exchanges. China, Africa’s largest trading partner for over a decade, has pledged zero tariffs on imports from 53 African countries to enhance trade and counteract U.S. tariffs that have targeted several African exporters. This initiative also calls for solidarity among developing nations and fair trade practices amid global trade tensions, particularly with the United States. As China’s domestic economy slows, Africa offers critical markets for Chinese industries, reinforcing the continent’s growing importance in China’s economic strategy.
China offers African Countries Zero Tariff Trade Deal Report By Wanda Sigagayi
