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China will lift tariffs on imported goods from Ethiopia starting next Wednesday
The Chinese Embassy in Ethiopia has announced that China will lift taxes on imported goods from Ethiopia starting next Wednesday.
It was also stated that the decision will be implemented in the framework of the “special tax reform” announced by China for African countries. As a result, it is said that the duty has been raised on 98 percent of Ethiopian exports to China since March 1st.
Following this, FBC reported that 8,804 Ethiopian products will be imported to China duty-free.
Chinese President Xi Jinping at the 8th Africa-China Ministerial Cooperation Forum; Beijing has unveiled “special tariff reforms” for African exports.
It is said that 98 percent of the goods that Ethiopia exports to China will be duty-free starting March 1st. He believes that this will strengthen the economic relations of the countries and enhance their benefits.