China’s latest move downgrading import duties on African imports to zero is transformative.
This is indeed powerful news that further deepens integration between Africa and China, ensuring prosperity for billions of people.
Next step is for our teams at the African Union to further negotiate down charges like China’s 13% value-added tax (VAT) on imports that is still applicable to coffee e.tc. Of course, the principle that underlies all of this is reciprocity.
A delicate balance that guarantees mutual benefits should be found.
Morrison Rwakakamba
