According to an announcement from the Customs Tariff Commission of the State Council of the PRC, starting from December 1st, 2024, China will implement zero-tariff treatment for 100 percent of tariff lines on products originating from all least-developed countries (LDCs) with which it maintains diplomatic relations.

A total of 43 LDCs will benefit from this preferential policy, including 33 in Africa, 8 in Asia, and 2 in Oceania.

According to statistics from Changsha Customs, in recent years, from January to October this year, Changsha Customs processed 1,157 preferential customs declarations for imports from LDCs, an increase of 62.96%, with tariff reductions totaling 25.4575 million CNY, up by 89.15%. Among these, 653 declarations were for imports from African countries, representing a 127% increase, with tariff concessions amounting to 16.7756 million CNY, up by 162%. The main preferential products are sesame seeds from Tanzania, Burkina Faso and Togo, as well as mica flakes from Madagascar. (By Tian Lidan, Lin Jun)