China is set to eliminate tariffs for all 53 African countries it has diplomatic ties with, offering duty-free access not just to the poorest nations but also to middle-income economies.
While the Asian giant already offers duty- and quota-free access to least developed countries (LDCs), the new pact will extend these benefits to middle-income African countries such as Kenya, South Africa, Nigeria, Egypt, and Morocco.
The move, discussed during a high-level meeting in Changsha, aims to promote quality African exports to China and level the playing field for more industrialized African economies. To protect LDCs from being outcompeted, China also pledged targeted support measures, including marketing assistance and training. Analysts believe the agreement could reduce the continent's growing trade deficit with China, which stood at $62 billion last year. The announcement comes as part of China’s broader $50 billion funding commitment to Africa made during a Beijing summit in 2024.
Russia’s Ministry of Defence announced on Saturday that its forces had captured two villages in eastern Ukraine, including one located in the Dnipro...
The Israeli military announced on Saturday that it has resumed airdropped humanitarian aid to the Gaza Strip, just days after more than 100 internatio...
Thailand and Cambodia have agreed to meet for ceasefire talks after days of deadly border fighting that has killed more than a dozen people and forced...
Australia and the United Kingdom have signed a landmark 50-year treaty to cement their partnership under the AUKUS nuclear submarine programme....
Firefighters in Greece are battling wildfires near Athens and on several islands as the country swelters under its third heatwave of the summer. Villa...
China has signalled plans to establish an international organisation for artificial intelligence, seeking to position itself as a counterweight to the United States in shaping the future of the technology.
China announced on Saturday its intention to establish a global organisation aimed at fostering international cooperation on artificial intelligence (AI), positioning itself as a counterbalance to the United States in the global AI race.
Beijing has issued a geological disaster alert for most of the city after intense rainfall triggered fears of landslides and flash floods. Nearby Baoding saw more than a year's worth of rain fall in just eight hours, displacing thousands and breaking historical records.
At a United Nations Security Council meeting on Friday, the United States called on China to stop supporting Russia’s military efforts in Ukraine, accusing Beijing of enabling Moscow’s aggression through the export of dual-use goods.
The world’s biggest dance music festival faces an unexpected setback as a fire destroys its main stage, prompting a last-minute response from organisers determined to keep the party alive in Boom, Belgium.
Australian researchers have created a groundbreaking “biological AI” platform that could revolutionise drug discovery by rapidly evolving molecules within mammalian cells.
Australian researchers have pioneered a low-cost and scalable plasma-based method to produce ammonia gas directly from air, offering a green alternative to the traditional fossil fuel-dependent Haber-Bosch process.
A series of earthquakes have struck Guatemala on Tuesday afternoon, leading authorities to advise residents to evacuate from buildings as a precaution against possible aftershocks.
The U.S. economy faces a 40% risk of recession in the second half of 2025, JP Morgan analysts said on Wednesday, citing rising tariffs and stagflation concerns.
Russia’s Ministry of Defence announced on Saturday that its forces had captured two villages in eastern Ukraine, including one located in the Dnipropetrovsk region — a new front where Moscow claims its troops are advancing.
The Israeli military announced on Saturday that it has resumed airdropped humanitarian aid to the Gaza Strip, just days after more than 100 international aid agencies warned of spreading mass starvation in the besieged enclave.
Thailand and Cambodia have agreed to meet for ceasefire talks after days of deadly border fighting that has killed more than a dozen people and forced over 150,000 civilians to flee.
Australia and the United Kingdom have signed a landmark 50-year treaty to cement their partnership under the AUKUS nuclear submarine programme.
U.S. President Donald Trump said on Saturday he was speaking with the leaders of Thailand and Cambodia to press for a ceasefire as border fighting entered its third day.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment