China will not seek reciprocity in its latest trade agreement with South Africa, its ambassador said, as Beijing prepares to roll out an expanded zero-tariff policy for African nations from May 1.
The deal means South African goods can enter the Chinese market tax-free without any requirement for Pretoria to reciprocate by lowering its own import duties on products from China.
“In this process, China will fully accommodate South Africa’s interests and will not seek reciprocity,” Chinese…
Source link
Ad Banner
Show Comments (0)
Hide Comments (0)
Subscribe
Login
0 Comments
Oldest
