Xiconomics: China's zero-tariff treatment boosts Africa's development prospects
BEIJING -- In the rolling, lush fields of Ibiza Village in Kayonza District, eastern Rwanda, farmers are busy cultivating red chili peppers. Growing demand from the Chinese market is likely to keep them even busier, thus bringing higher incomes.
For hundreds of farmers in Kayonza, expanding chili exports to China is opening a viable path out of poverty, driven by China's zero-tariff policy and strong market demand. What began as a small farming operation has rapidly evolved into a life-changing opportunity for farmers, workers and exporters alike across the continent.
Starting May 1, China's zero-tariff policy takes full effect for 53 African countries with which it has diplomatic relations, as announced by Chinese President Xi Jinping in a congratulatory message to the 39th African Union Summit on Feb. 14.
Observers say that the policy will further dismantle trade barriers, deepen China-Africa cooperation, and generate lasting benefits for the people of China and Africa, opening new avenues for jointly advancing modernization.
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