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.
When Donald Trump and Vladimir Putin sat down for their high-stakes summit, the choice of venue was as symbolic as the talks themselves — Alaska, a ...
A powerful explosion at a factory in Russia’s Ryazan region on Friday (August 15) left 11 people dead and 130 injured, the country’s emergencies m...
European Commission president Ursula von der Leyen said on Saturday that any eventual peace agreement to end the war in Ukraine must include strong se...
Slovak prime minister Robert Fico said on Saturday he welcomed the initiative launched by U.S. president Donald Trump and Russian president Vladimir P...
Ukrainian president Volodymyr Zelenskyy has voiced support for U.S. president Donald Trump’s proposal to hold a trilateral summit with Russia, sayin...
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When Donald Trump and Vladimir Putin sat down for their high-stakes summit, the choice of venue was as symbolic as the talks themselves — Alaska, a former Russian colony and America’s northern frontier, separated from Russia by just 55 miles. But why here, and why now?
A powerful explosion at a factory in Russia’s Ryazan region on Friday (August 15) left 11 people dead and 130 injured, the country’s emergencies ministry confirmed on Saturday (August 16).
European Commission president Ursula von der Leyen said on Saturday that any eventual peace agreement to end the war in Ukraine must include strong security guarantees both for Kyiv and for Europe as a whole.
Slovak prime minister Robert Fico said on Saturday he welcomed the initiative launched by U.S. president Donald Trump and Russian president Vladimir Putin in Alaska to work toward ending the war in Ukraine.
Ukrainian president Volodymyr Zelenskyy has voiced support for U.S. president Donald Trump’s proposal to hold a trilateral summit with Russia, saying Kyiv is ready for constructive cooperation and believes key issues should be resolved directly at the level of national leaders.
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