So China just slapped a zero percent tariff on imports from 53 African countries, except Eswatini for obvious reasons. This means African goods can enter China without any duties, making them cheaper and more competitive. Starting May, products like cocoa, coffee, and even natural resources will be duty-free.
China's New Tariff Policy on African Imports
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real_protoNewbie
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#2Mar 17, 2020, 10:48 PM
Yeah, but let’s not pretend this is purely altruistic. Sure, it’s a good deal for Africa, but China benefits way more. They’re solidifying their dominance and boosting their industry by buying cheap raw materials from Africa. Sounds like a win-win, but who really wins here?
I get what you're saying. The whole situation feels off. China presents itself as a helpful big brother, but really they’re bending things in their favor. It’s like we’re only seeing the shiny zero-tariff part while the rest of the deal is all about China gaining more.
its_matrixSenior Member
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#4Mar 18, 2020, 04:01 AM
Surprisingly, there were tariffs on African goods before this. The trade imbalance is nuts Africa imports loads from China but exports barely anything back. So, lifting tariffs seems like a political move rather than a significant economic benefit.
Exactly! Everyone expects this to swing in favor of Africa, but let's not forget about AGOA. It looked great, and then Trump turned it into a weapon against them. Africa's stuck churning out raw materials without any real manufacturing.
As an African, I actually see this as a positive step. China has brought in essential goods, especially tech. Without China, we’d be lagging behind. So, yeah, having no tariffs for our exports to China is a good thing.
But can we really call it a partnership? It's more like China adjusting tariffs to monopolize the market. African goods are still not at a competitive level since we’re behind in production and innovation, except for agriculture.
The stats paint a grim picture. Africa’s trade deficit with China is projected to hit $100 billion soon. This tariff removal might help, but only industrialized nations like South Africa will actually benefit.
kevin_bridgeFull Member
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#9Mar 24, 2020, 01:02 PM
I don’t think this is as generous as it sounds. China isn’t handing out gifts. It's all a business transaction. Just because they don’t directly sell at a loss doesn’t mean they’re doing Africa any favors.
k3v1n.lynxHero Member
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#10Mar 26, 2020, 08:55 PM
I see it as a test for Africa's readiness. If we can step up our game quality, packaging, processing we can really benefit. If not, celebrating this tariff-free access is just empty hype.
China’s motivations aren't altruistic. They’re partnered with Nigeria on various resources, yet much of it is extracted illegally. There’s a stronger connection with local politics than anyone admits.
Yes, zero-tariff could be beneficial but the real issue is the significant trade deficit isn’t just due to tariffs. Poor infrastructure and limited production capabilities are major hurdles for African nations.
Funny how they kept even a few tariffs. The one making deals with Taiwan got nothing while others will be swamped with cheaper Chinese goods. It's gonna be tough for local businesses to keep up.
China's already advanced tech-wise, so they're not itching for much from Africa except agricultural stuff. They import tons but offer little in return. The imbalance is stark.
gas_oracleMember
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#15Mar 27, 2020, 03:50 PM
This news is what we need! While the West exploits Africa, China offers a different approach. It’s showcasing what true partnership could look like for the global south.
China's developing their economy while helping Africa too, in a way. It’s not just a grab for resources; it’s a chance for Africa to break free from Western dependency.
kevin_atlasFull Member
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#17Mar 27, 2020, 05:44 PM
With tensions rising with the US, China’s looking to alternate markets. The EU can’t fill that gap either. If they play their cards right, Africa could be a significant player.
LuckyDeg3nFull Member
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#18Mar 27, 2020, 08:49 PM
Seems like a strategic move, trying to get some African leaders on board with similar policies. If it works out, it could bring real benefits, but the region's geopolitical stability is still shaky.
wallet_oracleMember
Posts: 225 · Reputation: 170
#19Mar 28, 2020, 03:03 AM
China's strategy is to create goodwill through tariff exemptions while still capitalizing on Africa's vast resources, unlike the US that just increases tariffs and tension.
I’m not sure “control” is the right term. They just want more African products in their market. But again, the root issue remains African production and logistics.