Trade barriers and economic development
China has decided to cut its tariffs on goods from 9 African countries by 98 per cent. The reduction in import tax came into force on 1 September and includes primary commodities from the Central African Republic (CAR), Chad, Djibouti, Eritrea, Guinea, Mozambique, Rwanda, Sudan, and Togo. The Chinese government wants to increase its current level of imports from these countries from $160 billion to over $300 billion...